2024-05-10 Armenian Dram News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of AMD's Exchange Rates
Given the data, the time series analysis shows the following observations about the exchange rates for AMD:
Overall Trend
Upon examining the dataset, it can be observed that the AMD exchange rate has remained stable for most of the period under analysis. The rate was steady at 0.00354 initially but underwent a minor decrease to 0.00352, marking the slightest downward trend within the period. The rate then gradually returned to the starting point at the end of this period, resuming at 0.00354 and hence making a slight rebound.
Seasonality or Recurring Patterns
Regarding the possible existence of seasonality or recurring patterns, the data does show minor fluctuations throughout the time frame, often bouncing between 0.00354 and 0.00352. Otherwise, the AMD exchange rate generally seems to exhibit no distinct seasonality or recurring patterns in the timeframe provided. Hence, more specific patterns or seasonality might be discerned over a wider range of data or through more granular intra-day analysis.
Outliers
The dataset does not seem to contain any outliers. The exchange rate fluctuated within a very narrow range, and there weren't any instances where the exchange rate deviated significantly from its general trend. However, it is essential to note that outliers in such data would often be an indication of a significant event or economic news influencing the rate, which is not considered in this analysis.
In conclusion, the data says that while the AMD exchange rate has been relatively stable, there have been minor fluctuations that hint at changes on a micro-level. While no significant seasonality or outliers were noted, a broader context or longer data timeframe might offer different insights.
![AMD Exchange Rate Shows Unyielding Stability Over 24 Hours](http://currencymart.net/images/news/armenian-dram/2024-05-10/img-tB5TJ0DvHeviNeQWORUuJ72z.webp)