2024-05-06 Armenian Dram News
2024-05-05
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.