2024-05-06 Armenian Dram News

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

1. Understanding the Overall Trend of the Exchange Rates

The exchange rates vary between 0.00346 and 0.00355 across the dataset. On initial review, it appears that there isn't a prominent increasing or decreasing trend in the exchange rates spanning this timeframe. The rates seem to maintain a relatively stable range with minor fluctuations over the period shown. These minor changes are consistent, forming micro cycles of increase and decrease within the ranging limits.

2. Identifying Seasonality or Recurring Patterns in the Changes

The dataset does seem to exhibit a form of intra-day seasonality where the rates increase and decrease within small margins. Looking at the data, we see the rates tend to rise and fall within regular intervals. These micro cycles seem to happen more frequently within a 24-hour period, and the pattern is quite prominent across several days within the dataset. This indicates a daily cycle of exchange rate fluctuations as opposed to a longer running seasonality over the weeks or months.

3. Noting Any Outliers

An outlier in this dataset would be a rate that significantly deviates from the established range of variation between 0.00346 and 0.00355. No such outliers are identified in the dataset provided - all values lie comfortably within these limits. This tells us that the exchange rate is relatively stable with no unexpected spikes or drops and is operating within a predictable and stable range.

It should be noted however, any significant deviation in future data may warrant investigation, either as a potential error or as a hint of significant underlying changes in the financial environment.

Disclaimer

This analysis has been performed solely on the provided dataset, without considering any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports as per the instruction. Therefore, this review of the exchange rate data attempts to illuminate patterns and trends based solely on the data provided and does not consider the wider financial climate.

n the Market In a volatile market landscape, the continual fluctuations of exchange rates present significant implications for traders, investors, and economists alike. The recent unsteadiness of the Armenian Dram (AMD) against other leading currencies continues to keep stakeholders on their toes. The AMD exchange rate has been on a rollicking ride in the past month, with its value fluctuating between 0.00346 and 0.00355 at different intervals. In the span of just a few weeks, it has crested to a high of 0.00355 before retreating and then inching up again. Such fluctuations are endemic to the fluid world of finance and currency markets, driven by a melange of factors ranging from geopolitical changes, domestic policy shifts, and global market trends. The real-time data collected over the last several weeks provides a snapshot of the monetary forces at play, offering both a detailed portrait of past activity and a tool to predict future movements. For traders, these movements can mean the difference between significant profits and substantial losses, serving as indicators for critical financial decisions. The pattern of fluctuating exchange rates not only affects investors but can also have significant ramifications on the country''s economy. An economy''s exchange rate is reflective of its economic health. When the exchange rate fluctuates frequently, it can lead to an increase in import costs, affecting businesses that rely heavily on imported goods or materials. Additionally, a volatile exchange rate can dent investor confidence, affecting incoming investments. While short-term oscillations are part and parcel of financial markets, persistent volatility can pose a greater threat. Exchange rate instability can make it challenging for businesses to plan for the future, affecting their sustainability and growth in the long run. In the context of Armenia, the changing AMD exchange rate also influences the country''s overall economic picture. For a developing economy such as Armenia, continuity in exchange rate is crucial for sustaining the inflow of foreign direct investments, a critical component of economic growth. Looking ahead, traders and investors alike are anticipating further fluctuations, guided by the continual interplay of global market dynamics and domestic economy factors. While the specifics of these fluctuations are difficult to predict, it remains evident that the financial community needs to adapt to constant change and be prepared for the challenges it brings. With an eye on the changing AMD rates, the market continues to monitor the potential implications. As we proceed through the roller-coaster ride of market fluctuations, the next big question is - what will be the AMD''s next turning point? With increased vigilance and smart strategies, stakeholders can successfully navigate the waves of this volatile currency sea.Fluctuating Exchange Rates Continue to Pose Challenges in the Market

Current Middle Market Exchange Rate

For information purposes only.