2024-05-07 Armenian Dram News
2024-05-06
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
The AMD exchange rates provided in this dataset remain quite stable over the entire timeframe. They fluctuate slightly between a low of 0.00352 and a high of 0.00354. No clear upward or downward trend comes into view. Instead, the exchange rate seems to be fluctuating around a relatively stable mean value during this specific period.
Identifying Seasonality or Recurring Patterns
Given the limited variations in the data, any pattern or seasonality signifies minimal trends in this specific dataset. The data does not show any predictable recurring pattern or any regular fluctuations that may indicate a seasonal component. More data spanning over a longer period or a higher frequency of data points would provide additional information to identify any potential cyclic patterns or seasonality.
Outliers and Significant Variations
Since this dataset has minimal variation and a high degree of stability, it does not show any significant outliers or instances where the exchange rate differs significantly from the trend. The rate consistently hovers around the values of 0.00352 and 0.00354 without any notable spikes or falls. This lack of variation implies a stable period for the AMD exchange rate within this given timeframe.
In conclusion, the AMD exchange rate has shown stability throughout the given period with no clear upward or downward trends, minimal seasonal effects, and no significant outliers. It would be insightful to conduct an in-depth analysis on a dataset that covers an extended period or includes a higher frequency of data points for more comprehensive observations.