2024-05-16 Armenian Dram News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
The data you provided is for the specific timestamp and the corresponding exchange rates (AMD). Upon analyzing the data, here are the observations:Understanding the overall trend of the exchange rates
The overall trend of the exchange rates seems to be relatively stable. There are only two distinct rates observed throughout, 0.00353 and 0.00352 which is very minor. This corresponds to the data being highly stationary, with little-to-no observable trend or seasonality.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Given the provided data, there seems to be no seasonality or recurring patterns in the exchange rates. The exchange rate oscillates between 0.00353 and 0.00352, but not in a manner that aligns with the specific time or date pattern. This means there might be other external factors not included in the data that could have an impact on the fluctuations.
Noting any outliers or instances where the exchange rate differs significantly
As stated, the data provided does not exhibit significant fluctuations or outliers. The exchange rate only shows two distinct values which remain constant most of the time. Therefore, no significant outliers can be observed from this set of data.
It's worth mentioning that the analysis solely relies on the given exchange rate data and does not take into account external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These factors, if available, could provide a more unobscured view of the reasons for exchange rate changes.![Stability Reigns: Minimal Fluctuation in AMD Exchange Rates](http://currencymart.net/images/news/armenian-dram/2024-05-16/img-4ToI4DoYPivNzEccdJA7nQkG.webp)