2024-05-21 Sri Lanka Rupee 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
1. Understanding the overall trend of the exchange rates
During the given period, the overall trend of the exchange rate is somewhat stable, with a few fluctuations. The majority of the time, the LKR exchange rate has remained at 0.00455 and 0.00456. There was also a short phase where the rate was slightly lower, at 0.00454.
In terms of the overall trend, there seems to be a small increase as the rate changed from 0.00455 to 0.00456 around the first third of the dataset and stayed there for a significant amount of time. However, this increase was not sustained as the rate then fell to 0.00454 towards the latter part of the data.
2. Identifying seasonality or recurring patterns
Given the scope and nature of the dataset with a cycle occurring within a single day, it's tough to definitively identify any seasonality or recurring daily patterns. However, it's still noteworthy that the increase (from 0.00455 to 0.00456) and decrease (from 0.00456 to 0.00454) pattern seems to occur uniformly throughout the day, suggesting that the exchange rate has been slightly fluctuating within these limits without a clear day-wise pattern.
3. Outliers and Noteworthy Observations
There are no distinguished outliers in the given dataset. All the changes occur within a very minute range, there aren't any values that deviate significantly from the trend, which suggests that in the measured timeframe, the LKR exchange rate was relatively stable and well within the normal range. However, the switch from 0.00456 to 0.00454 and the duration remained at 0.00454 is noteworthy. This suggests there might have been an event or factors that caused the exchange rate to decrease and remain at a slightly lower level.
In conclusion, while the exchange rate displayed minor fluctuations, it stayed relatively stable. As per the available dataset, there are no significant or unusual patterns in relation to time observed. Additionally, no outliers were recognized within the dataset.
![Stability Reigns as LKR Maintains Consistent Exchange Rates](http://currencymart.net/images/news/sri-lanka-rupee/2024-05-21/img-oIpCjILydL2Wc9qaLvwM5irH.webp)