2024-05-17 Lithuanian Litas News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-16
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
The overall trend in the exchange rates is a slight rise. While there are small up and down movements over different periods, the first recorded rate begins at 0.46082, and it ends at 0.46145. Hence, it follows a marginally upward direction. This constant increase in the rate shows there is a demand for this currency over the period shown.
Seasonality or Recurring Patterns
From the data, it's not immediately clear if there is pronounced seasonality or recurring patterns in the exchange rates. It seems to be more influenced by immediate market conditions rather than cyclical factors. However, a more thorough statistical analysis may reveal minute seasonality not immediately evident in the data provided.
Outliers
From the data provided, it appears there are no significant outliers. The rate fluctuates within a relatively consistent range throughout the whole period, suggesting a steady market without any abrupt or unusual movements in the exchange rate. However, exhaustive outlier detection would require a more comprehensive statistical analysis.
Please note that this analysis is limited as it's only based on the values of LTL exchange rates. To provide a truly comprehensive understanding, additional factors should be considered, such as relevant financial news or significant global events occurring at the time.
![LTL Exchange Sees Promising Increase in Daily Highs](http://currencymart.net/images/news/lithuanian-litas/2024-05-17/img-3WAfnuJgWC4eSsytAODHQ1T2.webp)