2024-05-09 Armenian Dram News
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2024-05-08
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
Upon analysis of the timestamp and AMD exchange rate data, it's clear that there is a generally stable trend over the time period shown. The AMD exchange rate remains constant at 0.00354 for a significant duration, after which it experiences a small increase to 0.00355 but later reverts to its starting point of 0.00354 and remains flat.
Seasonality and Recurring Patterns
As for seasonality or recurring patterns, given the provided data, it is difficult to observe any solid patterns. Exchange rate data usually corresponds with a number of different variables including economic indicators, news events, etc. But since these factors have been ruled out from this analysis, it is aggressive to determine any distinct recurring pattern or seasonality based on the data provided. However, the stability of the exchange rates could suggest a specific pattern itself.
Outliers Identification
An outlier in this context would be a significant deviation from the stable rate of 0.00354. In this dataset, there is a slight increase at some instance where the value shifts to 0.00355, although this isn't a significant shift, it can be considered as an outlier due to the predominantly stable trend of 0.00354. However, it's important to note that in a financial context, this slight variance may not truly constitute an 'outlier' and can be a result of slight market fluctuations.
Summary
In conclusion, the exchange rate over the given timestamp is notably stable. Only minor fluctuations have been detected but the overall trend remains flat. Given the instructions, other external factors like market opening/closing hours, weekends/holidays, or key financial news and reports haven't been analyzed in this context. Hence it's challenging to interpret these figures beyond face value.
![Stability Reigns Supreme as Exchange Rates Remain Unchanged for Hours](http://currencymart.net/images/news/armenian-dram/2024-05-09/img-tVTsS6eE5Y5jO30Fur0kqvaR.webp)