2024-04-29 Armenian Dram News
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis of the Exchange Rates
The overall trend shows that the exchange rate maintained a relatively stable rate over the whole period. The data reflects a small fluctuation, with the exchange rate at the beginning of the period (March 29, 2024) being 0.00344 and ending at 0.00352 (April 26, 2024), indicating a very slight upward trend. No significant or rapid increases or decreases in rates have been observed that would suggest instability or volatility in the exchange rates during this period.
Seasonality or Recurring Patterns in the Exchange Rates
At first glance, the exchange rates do not seem to display a clear-cut seasonality or recurring patterns based on the time (neither hourly nor daily). However, a deeper investigation might uncover more subtle, less obvious patterns. Unfortunately, the dataset's timeframe is relatively short, so it might not provide enough data to accurately discern or confirm any long-term seasonality or recurring patterns. Further analysis might require larger data over longer periods.
Outliers in the Dataset
Outliers are rarely observed in exchange rates as they are typically the result of low-probability events, like significant economic disruptions. In the provided dataset, no significant outliers were observed. Most of the rates are lingering around 0.0035, and the maximum fluctuation doesn't exceed 0.00002, which is not quite substantial. However, we should remain cautious and still look out for any anomalies that might crop up in the future.
To draw a more accurate picture of the trend, seasonality, and outliers, we may require more extensive data over a longer period. Furthermore, other external factors such as the financial status of the country issuing the currency, inflation rates, and global economic indices might provide an even more comprehensive overview of the factors influencing the exchange rates.
Please note that this analysis didn’t consider possible impacts of market opening/closing hours, weekends/holidays or the release of key financial news, and reports which could provide more insights into the exchange rate variations.
