2024-05-20 Armenian Dram News
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2024-05-19
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
Overall Trend of the Dataset
It appears that from the provided dataset, the observed trend in the value of the exchange rates (AMD) tends to fluctuate slightly, but generally maintains a rather stable course. The rate oscillates mostly between 0.00347 and 0.00355 over the entire period shown. There is no pronounced linear increase or decrease in the rates, indicating a relatively stable behavior of the exchange rate during this period.
Seasonality in the Dataset
The dataset does not offer a clear-cut demonstration of seasonality, as the fluctuations, although apparent, do not show a consistent, recurring pattern. The intervals between changes are not constant enough to indicate a typical daily, weekly, or monthly pattern. However, this analysis is based solely on the numerical data provided and does not take into account any potentially influencing external factors like weekends, holidays, or specific market events.
Outliers in the Dataset
Inspecting the given data, there do not seem to be any significant outliers or dramatic departures from the range within which the exchange rates mostly move (0.00347 - 0.00355). The fluctuations, albeit minor, appear to be part of the normal behavior of the exchange rate and do not suggest any unusual occurrences or disruptive events. However, a more in-depth, statistical treatment of the data would be needed to identify more subtle outliers and their potential causes.
In conclusion, based on the data provided, the exchange rate demonstrated a generally stable trend with small fluctuations and absent clear seasonality or pronounced outliers. However, this quantitative analysis could be complemented with a qualitative one, considering the influence of broader economic indicators, geopolitical situations, and market news for a more comprehensive understanding.
![Steady Uptick in AMD Exchange Rates Precedes Future Predictions](http://currencymart.net/images/news/armenian-dram/2024-05-20/img-8EyTriuwktHac4WAgNH8s45h.webp)