2024-04-17 Armenian Dram News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the Exchange Rate Dataset
The given dataset contains time-series data, capturing the fluctuations in exchange rates (AMD) at different timestamps. To gather insight and understanding of trends, patterns, and anomalies in the data, we will investigate the following areas:
1. Overall Trend in Exchange Rates
Most of the data points in the dataset fall within the range of approximately 0.00346 to 0.0035, with few exceptions. The minimum rate is 0.00346, which happens most of the time during the initial hours of the day, and maximum is 0.0035, which starts to happen later in the day. It indicates that there is a slight increase in the exchange rate as the day progresses. Despite these slight variations, it seems that the rate generally remains stable throughout the period represented in the dataset.
2. Seasonality or Recurring Patterns
Interestingly, based on the data provided, it appears that there is a daily cycle in the exchange rates. The rates start at around 0.00346 at 00:00:02 and gradually increase to around 0.0035 later in the day. This cycle seems to be recurring on a daily basis which indicates a daily seasonality in the data even though the variation is quite small.
3. Outliers and Unexpected Fluctuations
The stability and slight variations in the dataset suggest that there may not be many outliers or unexpected fluctuations in the exchange rates. Most of the values are tightly clustered around 0.00346 - 0.0035, and no extreme or unusually high or low values are evident. Therefore, in this context, an outlier could arguably be any substantial deviation from this range. However, it's important to note that an accurate identification of outliers would require statistical analysis which lies beyond the scope of this high-level analysis.
Finally, it's worth mentioning that exchange rates can be influenced by a variety of factors beyond the scope of this analysis, such as geopolitical events, economic indicators, and market sentiment among others. Therefore, any interpret explanation of trends, patterns or anomalies could be hindered by these omitted variables.