2024-05-09 Lithuanian Litas News
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Upon reviewing the dataset, the overall trend of the exchange rates seems to be fairly stable. The rates consistently linger around the 0.465 mark, albeit with some minor fluctuations. However, there is no prominent ascending or descending trend to note. The rates neither increase nor decrease substantially for the given timeframe.
Seasonality or Recurring Patterns
As the data provided is over a 24-hour period, the recurrence or seasonality is minimal. The inherent nature of the Forex market means rates fluctuate continuously, influenced by myriad factors. Yet, certain patterns could be discerned. There seem to be slight drops in the exchange rate around 05:00 and a slight increase around 14:00 which may indicate daily market behaviors, though the cyclic nature is not overly strong.
Outliers in the Rates
As for outliers, there are none that stand out significantly. All rate values for this particular day adhere rather closely to the average of the dataset. There is no instance where the exchange rate deviates exceedingly from the expected norm based on the general trend or seasonal changes. A slight dip to the lowest point of 0.46463 could be considered a minor outlier, but the deviation is not major enough to drastically impact the overall pattern.
Impact Of External Factors
Given the data is limited to a single 24-hour period, it's hard to speak definitively on the impacts of specific external factors like weekends, holidays, or financial news. Furthermore, the request was to avoid considering these impacts. However, it's important to note in a broader context these factors could have significant implications on exchange rate shifts.
Advice
Time series financial data like exchange rates can be highly variable and influenced by a multitude of factors. It's typically recommended to consider longer periods for more accurate trends, seasonal patterns, and impacts, while also accounting for key factors such as market hours, financial news releases, and macroeconomic indicators.
