2024-05-13 Armenian Dram News
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2024-05-12
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 data ranges from 0.00346 to 0.00355 throughout the period, with a small oscillations but no large changes. Based on the provided data, it could be noted that the exchange rate of AMD has remained relatively stable in the time frame given with minor fluctuations. We can note that there is a very slight upward trend, as the beginning of the period starts with opening values around 0.00346 and ends with closing values around 0.00355.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Upon close examination of the data set, it is difficult to identify any definitive pattern of seasonality in the exchange rates data provided. The data does demonstrate a repeated pattern of minor fluctuation but does not present any clear or meaningful patterns of important peaks and troughs through the time provided.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Given the nature of the provided time-series data, no major outliers can be identified. The exchange rate throughout the period has remained within a very close range, with no occurrences of extreme highs or lows. This indicates a stable exchange rate with no major deviations from the observed slight upward trend.
Please note that this analysis is purely based on the provided time series data and does not take into consideration other external factors such as economic events or the specifics of the currency market's supply and demand dynamics.![AMD Exchange Rate Navigates Across Subtle Fluctuations Over Two-Week Span](http://currencymart.net/images/news/armenian-dram/2024-05-13/img-SG5sE7ebQVPbde3JESAspS9o.webp)