2024-05-17 Armenian Dram News
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2024-05-16
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 of the Exchange Rates
Looking at the AMD exchange rate data for the timeframe provided, it appears that the rate remains relatively stable, with minor fluctuations. The rate initially remains at 0.00353 for a significant period, then slightly increases to 0.00354, before it decreases again to 0.00352 and lastly stabilizes at 0.00351. It's worth noting that these are minor changes and do not necessarily signify a major shift over the provided data period.
Seasonality or Recurring Patterns
With regards to seasonality, it is rather complex to make out any significant recurring patterns occurring at specific intervals in the given timespan. The data shows a mixed pattern with small ups and downs which don't appear to repeat at any regular interval. However, this is not unusual for financial time-series data like exchange rates which can be influenced by myriad factors often resulting in such mixed patterns.
Outliers and Significant Fluctuations
The data provided indicates rather stable and minor fluctuations, and there is no evidence of extreme variations or outliers. The exchange rate is contained within a very narrow band (between 0.00351 and 0.00354), showing a high level of stability within this particular dataset. This can suggest a low volatility period for the AMD exchange rate.
Conclusion
In conclusion, the provided dataset exemplifies a relatively stable period for the AMD exchange rate, with minor fluctuations and absence of apparent outliers. The stability of the exchange rate and the tight range of the values in this dataset suggest that there were possibly no major events or shocks during this period that might cause substantial changes in the rate. Please remember this analysis is based purely on the provided data and does not consider external macroeconomic events or news.
![Stability Reigns as AMD Exchange Rate Demonstrates Remarkable Consistency](http://currencymart.net/images/news/armenian-dram/2024-05-17/img-vHlIqdbI1JefFKy4P5qPBofJ.webp)