2024-04-19 Lithuanian Litas News
2024-04-18
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
The overall trend of the exchange rates appears to be relatively stable over the time period shown. The rate started at 0.46584 at the beginning of the period and rose to a high of 0.46749 before ending at a value of 0.46668. This slight fluctuation of about 0.00185 signifies that the exchange rate remained relatively consistent.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Upon analysis of the data, there does not seem to be any strong recurring pattern or seasonality in the changes in exchange rates. The data points have minor deviations, rising slightly and then falling back to a more or less mid-point. However, without specific timescales (like per month or per week data), it is hard to definitively conclude a seasonal pattern. It would be recommended to analyze a longer period of time as well as more detailed time intervals to uncover potential seasonality or cyclical patterns.
Noting any outliers, or instances where the exchange rate differs significantly
In regards to outliers, or instances where the exchange rate significantly differs from the expected based on the trend, there doesn't seem to be significant outliers. The exchange rates remain within a narrow range, with the highest being 0.46749 and the lowest being 0.46542. That being said, without a clear expected trend or pattern, it is difficult to define what might be considered a 'significant' difference in this context.
In closing, while this analysis provides an overarching view of the exchange rate fluctuations, it is always recommended to analyze such financial time-series data using complex statistical methods and incorporate external factors for a finer understanding of the financial trends.
