Minor Fluctuations Observed in LSL Exchange Rate over 24 Hours
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
1. Understanding the overall trend of the exchange rates
From a preliminary analysis, it appears that the exchange rate depicted in the data falls between a narrow range of 0.07182 and 0.07210. This suggests a generally stable exchange rate, with minor fluctuations throughout. A more detailed trend analysis would need to involve computation of moving averages or statistical trend lines for a more quantitative measure of trend.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Given the data provided, it is challenging to identify any seasonality or recurring patterns because the timestamps provided cover a single day. Typically, analysis of seasonality or recurring patterns requires data over a longer time period - months or years. This is because seasonal trends usually occur over a fixed and known period (like hours in a day, days in a week, seasons in a year, etc).
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Based on the values provided, the rate of 0.07182 could be considered somewhat of an outlier, as it is the lowest value and sits below the common range for the rest of the data. Similarly, the highest value of 0.07210 can also be considered an outlier. To be more precise, a full statistical outlier detection would need to be run, for instance, by computing the interquartile range (IQR) and defining outliers as values that fall below Q1 - 1.5*IQR or above Q3 + 1.5*IQR.
Remember, this analysis is very high-level, and is solely based on the data provided. A thorough financial analysis often necessitates access to a broader dataset, and would ideally take into account factors outside the provided dataset, such as geopolitical events, or major financial news, which can influence exchange rates. Please note, the above analysis is based on the assumption that all the data provided are accurate and complete.