This discussion made me curious so I moved my piano hygrometer outside and let it sit for a while.
The outside temperature was 100.9F, RH was 27% (Yes it is hot here! We have had an unusually hot summer!)
At the piano, the temperature was 77F, RH was 40%
I found a calculator that given a source temperature, source RH, and target temperature calculates the expected RH at the target temperature: https://www.markusweimar.de/en/humidity-calculator/
According to that calculator, cooling the outside air to 77F without changing the absolute humidity should result in relative humidity of 57%. That's 17% higher than the measurement that hygrometer took at the piano. From what I have learned today about air conditioners I suspect that 17% lower RH is due to condensation happening in the air conditioner. Somehow it all works out so that the RH at the piano is reasonable, and I'm fortunate that this is the case year round.
Thanks everyone educating me, this has been most interesting! 😀