2024-05-22 Armenian Dram News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
From the dataset provided, it appears that the exchange rates remained relatively stable throughout the entire period. The numbers oscillate mostly between the 0.00351 and 0.00352 range for the entire period. There are no significant changes nor drastic falls or rises during this time frame included in the dataset. All changes appear to be minor fluctuations rather than significant shifts. This means that the market during this time was relatively stable.
Identifying any seasonality or recurring patterns in the changes of exchange rates
It's difficult to find apparent seasonal or recurring patterns merely from this dataset. The exchange rates tend to fluctuate within a very close range (0.00351 - 0.00352), which suggests that there might not be significant regular patterns over the period of observation. Instead, the values remain more or less consistent, with occasional minor peaks and troughs that do not seem to follow a predictable pattern. Any further analysis on seasonality or recurring patterns would require more advanced statistical methods (like autocorrelation) and possibly additional data points.
Noting any outliers or instances where the exchange rate differs significantly
Based on the data available, there doesn't seem to be any significant outliers within this dataset. The value of the exchange rates remains within a consistent tight range between 0.00351 and 0.00352, which suggests a stable market. There are no instances of the rate differing significantly from the defined range. Hence, it can be deduced this particular market was relatively predictable for the period resulted in the dataset.
It's worth noting that financial data can be influenced by many factors not included in this dataset, such as economic news, political events, or changes in global trade policies. However, as requested, these factors have not been considered in this analysis.