2024-05-08 Libyan Dinar News
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2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
From the dataset, it is visible that the LYD exchange rates show minor fluctuations over the entire period. The exchange rate initially registers a slight drop, moving from 0.28095 to 0.28082, followed by some ups and downs in a narrow range. Around the 6:25:02 timestamp, there is a noticeable spike in the exchange rate up to 0.28188. This upward trajectory continues till 7:00:03, after which there is a minor dip. The rate then roughly maintains a steady position till 8:50:03. Post this, we observe a gradual increase in the exchange rate, hitting the maximum value of 0.2827 at the 20:40:02 timestamp. The rate then exhibits slight variability but maintains a similar level till the end of the dataset. Thus, the overall trend of the exchange rate indicates a steady increase with periods of stability.
Identifying seasonality or recurring patterns in the changes of exchange rates
This dataset does not depict apparent seasonality or recurring patterns in the data. The fluctuations in the exchange rate are small and might be due to short-term market volatility rather than any significant cyclical pattern.
Noting any outliers or instances where the exchange rate differs significantly
The dataset doesn't seem to contain any significant outliers. However, there are a few instances where the rate differs from its usual pattern. Specifically, at the 6:25:02 timestamp, there is a sudden increase in the rate, which might be due to external influences or immediate market actions. Another instance is at the 20:10:03 timestamp, where there is a leap in the exchange rate, which then continues to rise progressively. These jumps could mark essential points for further investigation.
![LYD Exchange Experiences Subtle Surge Amidst Fluctuating Rates](http://currencymart.net/images/news/libyan-dinar/2024-05-08/img-WdLbHpZvznBrskY8C2KvUHEO.webp)