2024-05-21 Armenian Dram News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Upon reviewing the dataset, the exchange rate mainly remained stable throughout the time period with the value constantly being around 0.00352. This is quite unusual for foreign exchange data, where fluctuations are common. However, towards the end of the period, there was a subtle dip in the rate to 0.00351, which then returned to 0.00352 by the end.
Seasonality or Recurring Patterns
No distinctive seasonality or recurring patterns were found within this dataset. The currency exchange rate values essentially stayed the same for the majority of the dataset, following a largely flat pattern. While financial data often shows daily and yearly cycles due to business and macroeconomic cycles, this dataset shows no such patterns within the exchange rate data provided. This may reflect the specific time range available in our data.
Outliers in Exchange Rates
In this dataset, no significant outliers can be observed as the exchange rate has very minimal variations. It's also interesting to point out that for majority of the data points, the exchange rate remained unyieldingly at 0.00352, then slightly dropping to 0.00351, and by the end, restored to 0.00352 again. With the fluctuation so limited, there were barely any opportunities for spotting significant outliers.
Concluding Remarks
In conclusion, the data showed very limited movement in terms of exchange rate over the provided timestamps. There appears to be no notable seasonal pattern and any trace of an anomaly or outlier was non-existent. This suggests a relatively stable currency pair over the duration covered by the dataset, barring external events not included in the data. It’s also helpful to note again that this observation is strictly restricted to this dataset and the specific time period it covers.
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