2024-05-08 Sri Lanka Rupee News
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2024-05-07
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 of the data appears to be quite stable. The LKR exchange rate begins at 0.00461 and maintains this figure for a significant portion of the time series before transitioning to 0.00456. It then gradually increases to 0.00458 which it maintains until the end of the data series. Thus, while the value varies slightly, it remains within a relatively narrow band, indicating a largely stable trend.
Seasonality and Recurring Patterns
Due to the nature of the data and the exchange rate stability, there is no clearly identifiable seasonality or recurring patterns within the dataset. Analyzing further granular details like hourly or daily patterns would require a higher frequency data set or external factors not considered in this analysis.
Outliers
Similarly, an outlier analysis of the data does not reveal any exceptional circumstances where the exchange rate varies considerably from the norm. Again, the exchange rate remains largely stable within a small range, and the changes that do appear are small and gradual, rather than the abrupt shifts that typically characterize outliers.
Conclusion
In conclusion, the time series data of the LKR exchange rate display a general stability with minor fluctuations within a limited range. No evident seasonality or recurring patterns and outliers were observed in this dataset. Future analysis could delve deeper with a more detailed dataset or incorporate external factors for richer insights.
![Stability Holds Strong for LKR Exchange Rates Amid Market Fluctuations](http://currencymart.net/images/news/sri-lanka-rupee/2024-05-08/img-KM1bpZHiL21BaxU93Ue2F32X.webp)