2024-05-03 Libyan Dinar News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
The overall trend of LYD exchange rates over the time shown in the dataset demonstrates a gradual decrease. It started towards the upper value of 0.28289 and decreased slowly over the period. It is noteworthy that there are frequent minor fluctuations within this decreasing trend but the general trajectory remained downward.
Seasonality or Recurring Patterns
From this dataset, it is slightly challenging to discern a clear recurring pattern or significant seasonality. The exchange rate does not appear to follow a specific pattern related to the time of day or specific intervals. However, it's worth noting that this lack of pattern might be due to the relatively small timespan and narrowly ranged values of the data in the dataset. A longer dataset might provide more comprehensive insights.
Outliers in the Exchange Rates
There doesn't appear to be any significant outliers in the data provided. The exchange rate remains within a relatively tight range throughout the whole period. The biggest drop occurred between the timestamp '2024-05-02 06:15:02' and '2024-05-02 06:20:02' where the rate dropped from 0.28292 to 0.28173. However, it is important to note that although significant, it's not quite an outlier given the scale and trend of the data.
No External Factors Considered
Based on specific instructions, this analysis does not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. It is purely numerical and technical analysis of the time series data provided. Therefore, it's worth mentioning that exchange rates are influenced by a wide range of economic and political events that can cause them to diverge from purely technical trends.
No Future Forecast Provided
In line with the provided instructions, no future forecast for the exchange rates was made as part of this analysis. This analysis is purely descriptive and aims to provide insights into the historical data rather than predictive insights into future exchange rates.