2024-05-10 Libyan Dinar News
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2024-05-09
Summary of Yesterday
- 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 of the Exchange Rates
There's a notable downward trend in the LYD exchange rates throughout the provided dataset. Starting at a price of 0.28261 on 2024-05-09 at midnight, the exchange rate falls gradually over the course of the day, ending at a decreased price of 0.28284 at the day's end. This pattern is marked by some fluctuations but exhibits a clear overall decrease.
2. Identifying Seasonality or Recurring Patterns
The exchange rates appear to show some recurring consistency on a day-to-day basis. Rates seem to reach their peak value early on, gradually decreasing as the day progresses, and then slightly increasing toward the end of the day. This pattern suggests there might be a daily cycle in the exchange rates. It is important to note that this observation is based on the analysis of one-day data and would need to be confirmed with an extensive dataset.
3. Noting any Outliers or Instances where Exchange Rate Differs Significantly
At a number of points throughout the day, there are visible abrupt drops and rises in value. These could be potential outliers but would need to be verified with further data and context. One of the most noticeable drops appeared around 06:25 when the exchange rate dropped sharply from 0.28261 to 0.28236. Another significant jump happened around 20:40 when the rates inflated from 0.28120 to 0.28261. In these cases, external factors could have influenced these fluctuations. While precise reasons cannot be established from this source of data, these significant changes suggest possible market reactions to new information or events.
![LYD Exchange Rates Exhibit Stability Amidst Minor Fluctuations](http://currencymart.net/images/news/libyan-dinar/2024-05-10/img-RbbojEZhD4H9EkrWgTcHBAAA.webp)