2024-04-18 Lithuanian Litas News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overview of Exchange Rates

From the dataset, it appears that the exchange rates fluctuate over the given time period. The data show both increases and decreases. At the beginning of the period, there is an increase from 0.46806 to 0.46857 at 2024-04-17 01:05:01. However, this is followed by a gradual decrease to 0.46731 at 2024-04-17 08:30:03. After this point, there is another gradual increase, peaking at 0.46796 at 2024-04-17 11:10:02. This pattern of rises and falls continues throughout the period under examination. There is no clear overall trend of whether rates increase, decrease, or remain stable, with the final data point at 0.46580 indicating a similar value to the start point.

Seasonality and Recurring Patterns

At a superficial look, it appears that there is little visible seasonality or recurring pattern in the exchange rate. The time period covered is less than a full day, making it hard to establish a clear daily pattern of rises and falls. The data does not indicate any significant time-dependent changes where the exchange rate would consistently rise or drop. Any significant fluctuations or repetitive movements within this daily cycle cannot be identified confidently.

Notable Outliers

There do not appear to be any substantial outliers in the given time period. Most changes between consecutive timestamps are relatively minor. There is a relatively significant drop from 0.46792 at 2024-04-17 01:50:02 to 0.46763 at 2024-04-17 01:55:02 but the change is not extreme and thus does not qualify as a truly significant outlier. Similar minor but notable fluctuations occur multiple other times in the data. Thus, the data are relatively consistent, with minor changes and without significant deviating outliers.

Considerations

  • This analysis was performed on the sole basis of the numeric data provided and without considering external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Taking into account these factors may provide a more nuanced understanding of the exchange rates movements.
  • The time series data is for a period less than a full day. Longer time period data might be required for a detailed and precise analysis of seasonality or recurring patterns.
24 The digital financial market on April 17, 2024, marked a significant change in the Litas (LTL) exchange rate. Following a period of relative stability, the financial world witnessed a rollercoaster effect on LTL''s value during the 24-hour timeframe. Starting at midnight, LTL opened the day with an initial rate of 0.46806. The currency then scored highs of 0.46857 by the early morning hours, an increase that hinted at a promising day ahead for the rate. However, this was followed by a sharp decline in value, reaching a low of 0.46763 by 2 am. As daybreak approached around 6 am, there was a short-lived oscillation in the currency''s value, but the general incline and decline pattern re-emerged going into the afternoon. The rate saw a dip to as low as 0.46667, causing a stir in the market. However, this fluctuation was not out of the ordinary when looking at the context of financial trends. Currency exchange rates are influenced by a range of factors including economic indicators, geopolitical events, and market sentiment. Nevertheless, such variations within a single day''s trading are noteworthy due to the potential impact on investors, particularly those trading in this currency. The declining rate trend that occurred from the early to mid-morning period could imply numerous things. Perhaps potential investors were holding back, or existing investors were selling off their LTL holdings due to concerns about the stability of the economy or other market factors. It may also suggest trends in other currencies or markets that are affecting the LTL exchange rate. Despite this, the LTL made a slight recovery as the day retired and leveled at 0.46580 by the end of the day. This resilience could be perceived as a sign of confidence in the financial solidity of the currency, suggesting a promising future. Going forward, investors and financial experts will surely be keeping a close eye on the LTL exchange rate performance to glean insights and forecast potential future market trends. This is crucial in terms of informing decisions about when to invest, sell off, or hold onto their current financial portfolios. As the financial markets continue to ebb and flow, remaining vigilant and informed is of utmost importance in this fast-paced and volatile environment. LTL Exchange Rate Sees Notable Shift in Mid-April of 2024

Current Middle Market Exchange Rate

For information purposes only.