Iranian Rial Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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Statistical Measures

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Trend

Overall Trend of the Exchange Rates

The data provided contains the exchange rates at several different timestamps. All exchange rates throughout the data are exactly the same, being consistent at 3.0E-5. As such, the trends in this dataset are very clear - the exchange rates have remained perfectly stable throughout the entire timeframe, with no overall increase or decrease.

Seasonality and Recurring Patterns

In terms of seasonality, since every recorded exchange rate in the data is at 3.0E-5, there are no discernible patterns or seasonal trends that can be seen from this data. It remains perfectly at a standstill at every point in time with no changes or identifiable cyclic behavior.

Outliers in the Exchange Rates

Given the complete stability of the exchange rates across the data, there are no outliers. Every instance is exactly the same, so none differ significantly or even minutely from the rest. Each timestamp records an exchange rate of 3.0E-5, meaning no single data point breaks this perfect consistency.

In summary, this dataset reflects an entirely stable exchange rate, with no changes, trends, seasonality, or outliers present.

Please note that this analysis is purely based on the provided dataset, and does not consider any external events, market hours, weekends, holidays, financial news or reports, etc. No forecast for future rates has been provided. This analysis offers an understanding of the state of the exchange rates as they have remained throughout this duration.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Based on the dataset you've provided, here's my analysis:

1. Understanding the Overall Trend of the Exchange Rates

The exchange rates are constant throughout the provided time period. There is no observable increase or decrease in the rates given. The IRR value is consistently at 3.0E-5 for every timestamp provided on the 24th of April, 2024. Thus, there doesn't seem to be any trend in this data set as the rates are not changing.

2. Identifying Seasonality or Recurring Patterns

Given the constant nature of the exchange rates in the dataset, there are no noticeable seasonal effects or recurring patterns. The exchange rate does not fluctify or show any periodic behaviour throughout the day nor does it show any change according to specific hours.

3. Outliers in the Exchange Rates

As the exchange rate is the same for all entries, there are no outliers in this dataset. An outlier would be defined as a significant variation from the overall trend. However, as there is no variability in the exchange rates, there are no instances where the rate significantly deviates from the norm.

This analysis is solely based on the data provided and does not consider external factors such as market hours, holidays, or financial news which could potentially impact exchange rates.

Summary of Yesterday

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  • Difference of Opening & Closing:
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  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Analysis of the provided dataset

The provided dataset contains timestamped exchange rates (IRR) for a certain period. However, based on the data provided, the exchange rate remains constant at 3.0E-5 across all timestamps. This analysis assumes that the data provided is accurate and that the right dataset was given for the task.

1. Understanding the overall trend of the exchange rates

Given that the exchange rate remains constant throughout all timestamped entries at a rate of 3.0E-5, it can be asserted that the overall trend is stable. There is no increase or decrease observed within this particular dataset.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

For any seasonality or patterns to be noted, there has to be some change or variation across the data points over a period. Considering the provided dataset, as the exchange rate does not change at all, it is not possible to establish any seasonality or recurring patterns.

3. Noting any outliers in the exchange rate

An outlier would be an instance where the exchange rate significantly differs from the rest of the data points. Given that every single data point in this dataset has the same exchange rate of 3.0E-5, there are no outliers present.

Overall, without any volatility in the exchange rate over time, one might conclude that factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports have no influence on the exchange rate within this specific period.

Final Remarks

The absence of change in this data may indicate that the dataset provided might not be the representation of a typical foreign exchange market scenario where rates change frequently over time. Alternatively, it could depict a period of extreme stability for the concerned rate, which is scarce in currency markets. In either case, the given dataset shows no variation, trend, seasonality, or outliers based on the exchange rate's uniformity.

Summary of Last Month

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Statistical Measures

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Trend

Upon examining the time-series dataset, it is evident that the exchange rate value has remained constant at 3.0E-5. Despite multiple timestamps being recorded, there doesn't appear to be any fluctuation in the IRR exchange rate.

Understanding the overall trend of the exchange rates

The overall trend in the exchange rate is stable with a constant value of 3.0E-5 throughout the entire period. This might suggest a lack of volatility in the foreign exchange market for this specific currency during the period recorded, or it could be due to the absence of market fluctuations affecting this currency pair.

Identifying Seasonality or Recurring Patterns

Given the unchanging nature of the exchange rate in the dataset, there's no identifiable seasonality or recurring patterns. The IRR exchange rate remains at a consistent value across different timestamps, indicating a lack of discernible cyclical trend over the period under review.

Outliers in the Exchange Rate

During the entire time-series data span, the IRR exchange rate remains steadfast at 3.0E-5. Consequently, there are no outliers or significant deviations from this rate, which is unusual for a typical foreign exchange market dataset. Typically, a dataset spanning several hours would display some degree of fluctuation in accordance with market trends and external influencing factors, none of which appear to be present here.

The foreign exchange markets generally operate 24 hours on workdays around the world, and various factors including geopolitics, economic factors, and market sentiment, amongst others, would cause the fluctuation in exchange rates. The lack of such dynamism in this dataset suggests the possibility of either a highly stable currency pair or a lack of actual trading/market activity affecting the IRR exchange rate at that period.

Summary of Last Week

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Statistical Measures

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Trend

Analysis of the IRR Exchange Rate Dataset

From the dataset provided, it is observed that the exchange rate (IRR) remains stable at 3.0E-5 over the entire period. Therefore, there are no significant variations or changes in the exchange rate during this period.

Overall Trend

Examination of the data shows a constant exchange rate indicating no intrinsic trend. Over the period given, the exchange rate neither increases nor decreases but rather remains consistently flat. Consequently, the time series does not present any increasing, decreasing or cyclical trend.

Seasonality

Given that the exchange rate remains constant over the time period, there is no evidence of seasonality either. In other words, there are no recurring patterns in the exchange rates that correlate with a specific time of year, month, or week.

Outliers

As the exchange rate remains stable with no fluctuations, the dataset does not contain any outliers or significant deviations from what can be expected based on the prevalent constant trend. This also means there are no extreme values or points in the data that would merit separate attention or explanation.

It is noteworthy that this analysis is purely based on the data provided and does not factor in any external influences which might impact exchange rates, such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, as per the instructions.

Summary

In summary, the IRR exchange rate data provided shows a perfectly flat trend with no change in the exchange rate over the period specified. There is no evidence of seasonality or significant anomalies within this dataset; it remains constant and stable at 3.0E-5 throughout.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Comprehensive Analysis of Time Series Exchange Rate Dataset

Before diving into the analysis, it's important to understand what the data actually represents. In this case, the dataset is a time series representation of the IRR exchange rate. Each data point signifies the IRR exchange rate at that specific point in time.

Trend Analysis

By examining the dataset comprehensively, there's a clear indication that the IRR exchange rate remains constant over the entire period of observation as the rate seems to persistently remain at 3.0E-5. There's no sign of any increase or decrease in the rate, which signifies that the currency exchange market for this specific rate has remained stable throughout the period encapsulated by the given timestamps.

Seasonality and Recurring Patterns

Given that the exchange rate data is constant throughout, there are no apparent seasonal fluctuations or recurring patterns in the exchange rates. The data remains at a fixed level of 3.0E-5 across all timestamps, suggesting a level of stability in the market that is unaffected by the time of year or any cyclic variables.

Outliers Identification

In accordance with the consistency of the given dataset, there are no noticeable outliers in the exchange rate data. An outlier would be considered a data point that deviates significantly from the trend; however, as the data remains constant and there's no distinct trend, it's clear there are no outliers present within this dataset.

Please note that the aforementioned conclusions are strictly based on the data provided and don't consider any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial data.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Comprehensive Analysis of Time-series Financial Data

From the dataset provided, the first immediate insight that can be drawn is that the exchange rates (IRR) appear to be perfectly stable throughout the given timeframe. Each entry in the dataset returns an IRR value of 3.0E-5, with no changes documented over the entire period.

Understanding the Overall Trend of the Exchange Rates

Given the consistent IRR values, it can be deduced that the exchange rates remain completely stable over the time period of the data. No general increase or decrease is noted; rather, the exchange rates appear to be flat. This stability suggests a lack of volatility in this specific foreign exchange market within the given timeframe.

Identifying Seasonality or Recurring Patterns in the Exchange Rates

Due to the invariant nature of the exchange rates in this dataset, no seasonality or recurring patterns can be identified. The consistency in the exchange rates across time negates the possibility of identifying any cyclical behaviors. As such, the observation is that the exchange rate, within the limits of the data provided, appears to be non-seasonal.

Noting Any Outliers in the Exchange Rates

In this set of data, no outliers are found. All recorded IRR values are identical at 3.0E-5 for all the timestamps. Therefore, there are no instances of the exchange rate deviating from the identified stability. Since the dataset shows complete uniformity, distinguishing an outlier is not viable.

Given these interpretations, further information or a larger dataset would be beneficial in order to get a more detailed analysis of the foreign exchange market's behavior. The absence of variability in this dataset indicates a period of extreme stability in the market, which is an infrequent occurrence.

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