2024-05-03 Armenian Dram News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
From the given data, the exchange rate of the currency AMD has shown a consistent pattern over a significant period. The rate begins with a value of 0.00355 and maintains this value for a substantial duration. It then drops slightly to 0.00354 and later to 0.00353. Towards the end of the dataset, the value slightly drops again to 0.00352 before rising back to 0.00353. Hence, the overall trend of the exchange rate can be described as relatively stable with minor fluctuations.
Identifying Seasonality or Recurring Patterns
The dataset reveals no evident seasonality or recurring pattern. The exchange rate maintained stability for prolonged intervals before experiencing minor decreases. This suggests the absence of a predictable pattern or cycle in the provided dataset.
Identifying Outliers
Given the narrow range of exchange rates within this dataset, a major outlier does not exist. Each adjustment in the exchange rate is minor and follows the trend of the dataset. Therefore, no data points stand out as significant deviations from the norm.
Conclusion
This comprehensive analysis of the time-series data for AMD exchange rates indicates a fairly stable and constant rate with some minor decreases over time. Given the absence of clear seasonality or recurring patterns, future trends may be difficult to predict without taking into account additional factors beyond this dataset. No notable outliers were detected in this analysis. The analysis does not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, and does not provide forecasting for future rates.
