2024-05-02 Loti News
2024-05-01
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 Exchange Rates
The provided dataset shows the exchange rates between two currencies - likely a base currency and LSL, over a specific period of time. In general, the exchange rates between these two currencies observed a relatively stable trend. They experienced slight fluctuations but did not witness any significant increases or decreases during the period. The highest exchange rate was around 0.07400 while the lowest sat approximately around 0.07282. For the majority of the time, the exchange rate fluctuated within a narrow range around 0.07320, indicating a stable currency exchange market during this period.
Identifying Seasonality or Recurring Patterns
From the given dataset, it is hard to conclusively determine a seasonal pattern due to the short period of the data. However, distinct recurring patterns in the exchange rate can be observed. Specifically, the rate often fluctuated within a small range for a few consecutive data points before switching to a new range. This possibly suggests the hourly trading dynamics in the currency exchange market. However, please note that this inference needs to be proven with longer term data.
Noting any Outliers
A few potential outliers were noted in the data. For instance, the exchange rates were at their highest around '23:10:02' (0.074), which significantly differs from the general trend. Similarly, they were at their lowest around '14:00:02' (0.07282). These outliers could be caused by various factors such as sudden changes in currency demand or supply. Without any specific events or additional external factors to correlate, it's hard to definitively interpret these outliers.
Please note that this analysis is purely based on the provided dataset and doesn't take into account external influences such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. To enrich the understanding of exchange rate fluctuations, it is recommended to analyze it in conjunction with these external factors.