Azerbaijanian Manat News

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

h1> In a market defined by relentless upheavals, the AZN exchange rates have been making headlines recently due to their unpredictable swings. The data from April 8, 2024, demonstrates this volatile pattern and leaves market spectators and participants alike bracing for further instability. At the start of the recorded data, the AZN exchange rates opened at 0.80404 and consistently fluctuated between high and low points throughout the day. This trend suggests a state of constant flux with notable peaks and valleys. The highest exchange rate observed was 0.8248, and the lowest came in at a disquieting 0.7724. These startling oscillations can be largely attributed to current economic conditions. The geopolitical landscape, added to the mounting inflation and other domestic economic indicators, has pronounced effects on the stability of the exchange rates. During times of economic unpredictability, such fluctuations are not uncommon. One standout anomaly was a surprising peak of 0.8248 in the early hours of the day, possibly signaling a reaction to some unanticipated news or economic event. As the day progressed, there were instances of plunging rates, the most drastic dip was seen going as low as 0.7724. However, the rate seemed to recover over time, pointing to the inherent resilience of the market, but not without leaving a trail of uncertainty. This irregularity in the AZN exchange rates bears significant implications for both traders and general market participants. For traders, these unpredictable swings can serve as potential opportunities for large gains, given cautious and wise trades. However, it also poses significant risks of capital loss should an unexpected market shift occur. On a macro-economic level, such fluctuating exchange rates can impact inflation, trade, and interest rates among other facets. The state of the currency market directly informs the actions of monetary policy and can shape the economic outlook of the country. As we move ahead, market participants must approach this situation with informed prudence. The economic indicators should be closely observed for any signs of continued instability or potential movements towards a more stable trend. In conclusion, given the dynamic and interconnected nature of financial markets, it remains crucial to stay vigilant and informed, trying to anticipate the market''s next move. Looking to the future, attention should be paid to central banks'' actions, economic indicators, and geopolitical events that could potentially bring about major shifts in the AZN exchange rates.AZN Exchange Rates Experience Unpredictable Volatility

Current Middle Market Exchange Rate

For information purposes only.