2024-05-21 Lithuanian Litas News
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2024-05-20
Summary of Last Month
- 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
Upon reviewing the data, it's clear that there is a slight increase in the ltl exchange rates from the beginning to the end of the dataset provided. Rates start around 0.46067 and end around 0.46193. However, these fluctuations are not constant and the exchange rate seems to experience several minor increases and decreases throughout the data set, indicating a relatively volatile exchange rate during this time period.
Identifying Seasonality or Recurring Patterns
Regarding patterns or seasonality, it's challenging to define a clear seasonal pattern given the limited timeframe observed. However, there are regular fluctuations that may indicate intra-day variations in the exchange rate. A correlation analysis coupled with detailed hourly analysis might reveal more specific trends or cycles in this dataset.
Noting Outliers in the Data
In terms of outliers, there don’t appear to be any extreme jumps in the exchange rate within this dataset. This suggests the data are quite stable without any outsized “shocks” or unusual events. However, this doesn't rule out the presence of minor outliers as we can see some instances where the rate increases or decreases more sharply than usual.
In conclusion, this data shows that while the ltl exchange rate does fluctuate within the observed time period on the 20th of May 2024, the changes do not follow a predictable pattern within the hours observed and do not represent a major change overall. It's important to note though that the interpretation could benefit from a larger dataset that spans across multiple days or even weeks to identify potential patterns or trends in a more comprehensive manner.
![Rising LTL Exchange Rates Witnessed Over the Day Signals Bullish Shift in the Market](http://currencymart.net/images/news/lithuanian-litas/2024-05-21/img-4WWhuErWkQr6jOaKOwf8AzbP.webp)