2024-04-17 Azerbaijanian Manat News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
We begin the analysis by looking at the overall trend of the exchange rates for AZN. From the data provided, it can be seen that the exchange rate fluctuates between ~0.79 to ~0.85 over the period under observation (16th April 2024). This appears to demonstrate that the exchange rate does not show a clear and steady increase or decrease throughout this period. Instead, it oscillates back and forth within this narrow range, suggesting some degree of volatility, but within fairly stable bounds. Hence, the rates neither steadily increase, decrease, nor do they remain wholly stable during this one-day period.
Identifying Seasonality
In the context of hourly data over a single day, there may not be a clear cyclical pattern or 'seasonality'. However, we do observe some consistent fluctuations between certain values, which could potentially be indicative of intraday seasonality or recurring patterns related with specific time frames. Further analysis, over extended periods and more data points, would be needed to confirm any presence of seasonality and its nature.
Noting Outliers and Volatility
On inspection, we can observe some potential outliers - points where the exchange rates spike or dip significantly compared to adjacent data points. For instance, the rate goes dramatically up to ~0.845 at 14:00, and drops to ~0.781 at 21:00. These sudden large swings may be considered as outliers, as they signify unexpected volatility. Such volatilities could be due to various market factors such as dramatic shifts in currency demand and supply, unexpected news events, etc. However, without specific knowledge of impactful events and a broader dataset, we should tread cautiously while labeling these as outliers.
In conclusion, the currency exchange rates for AZN do show a degree of volatility within the stable range on 16th April 2024. While apparent outliers and dramatic swings are observed, more data and potential event correlation would be necessary to draw reliable insights and deeper understanding of the underlying dynamics.
