2024-05-06 Libyan Dinar News
2024-05-05
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend
Using the dataset provided, the overall trend observed on the LYD Exchange rates for the period indicated seems to follow a fairly stable pattern. The rates are seen fluctuating within a small range of approximately 0.27939 to 0.28568. There are no significant increases or decreases throughout the period. While some fluctuations occur - as is expected in any financial market - the exchange rate appears to reside more or less within these boundaries, indicating a stable trend overall.
2. Identifying Seasonality or Recurring Patterns
There is limited evidence of seasonality or any recurring patterns over the time span given. The provided dataset doesn't cover a long enough period for a definitive seasonal pattern or trend to be established. Moreover, considering that this is exchange rate data, it's essential to remember that it is influenced by a plethora of factors from both the domestic and international market, making it unlikely for any strong seasonal patterns to occur. However, more robust conclusions could be arrived at with a longer time series dataset.
3. Noting Any Outliers
Although there are a few slight peaks and troughs observed within the dataset, none of these are significantly beyond the general range observed and thus would not be classified as outliers. The fluctuation of the LYD exchange rate in the dataset provided aligns with the expected norms of a financial market, where frequent ups and downs are normal, and doesn't seem to have any radical outliers that significantly deviate from the observed range.