2024-04-23 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

Overall trend of the exchange rates

The overall trend in the exchange rates for the given timeframe appears to mostly remain stable, with a slight fluctuation. The rates are ranging from approximately 0.7784 to 0.83671. While there are some minor upward and downward movements, there isn't a visible clear trend of continuous rise or fall in the rates. This overall steadiness suggests that the market for this currency pair was relatively stable during this period.

Seasonality or recurring patterns

As for the seasonality or recurrent patterns, it's challenging to determine them within this data set clearly. With time series data of this type, seasonality is often observed in data spanning over more extended periods, often years, where seasonal effects (like quarterly financial reports, yearly economic events etc.) might influence the exchange rates. Given the limited amount of data and the short timeframe, it doesn't provide significant evidence of seasonality or recurring patterns.

Outliers in the data

Notable outliers in the data are values that significantly deviate from the average trend. They are often resulting from unique, unpredictable events, errors in data collection, or extreme variations in the market. In this data, there's a notable peak at 0.83671 and a few dips as low as 0.7784, and the lowest 0.78521 and 0.7838, which are significant changes compared to the general stability of the data and can be considered as outliers. However, without knowing the reasons behind these changes, it's tough to determine if these are true outliers or valid fluctuations resulting from market events.

Additional Considerations

While this analysis is based on the data provided, it's important to remember that the financial markets are often influenced by a multitude of factors including geopolitical events, economic indicators, market sentiment, etc. For a more comprehensive understanding of the currency exchange rates, you may need to consider external financial reports, news, and events, although you specified that these should not be included in this particular analysis.

ultuous Fluctuations in April 2024 In an unexpected twist of events, the AZN exchange rates have been on a roller coaster ride throughout the 22nd of April 2024, creating an unpredictable financial climate for investors and market watchers. The rates traversed a volatile path in the financial market, frequently wavering between low and high points, rendering implications that could affect the economic landscape in the near future. These series of fluctuations commenced at the dawn of the day with AZN starting at 0.80914. As the day unfold, the rate occasionally dipped to unexpected low points before making sudden leaps. The first significant dip occurred at 01:15:02 with a significant plunge to 0.78962. However, the AZN swiftly rebounded and continued a fluctuating pattern, reaching 0.83671 at 05:50:02, its highest point of the day. Despite this notable high, no consistent uptrend was observed in the following hours; instead, a series of hiked oscillation between ascending and descending valleys marked the rest of the day. In an interesting move, the rates plunged at different points of the day, registering a shocking low of 0.7784 at the time of 19:45:03. These turbulent swings in the AZN exchange rates have put traders and investors on high alert. Some financial experts interpret this instability as potential indications of macroeconomic instability or policy changes that might be brewing in the government corridors. The high volatility over the course of the day in the AZN exchange rate has raised eyebrows in the financial world. Over the past years, the AZN has been known for its stability in the market. The bizarre wavering observed on the 22nd of April, has born an unpredictable and uncertainly that investors have to grapple with. This unprecedented fluctuation of the AZN exchange rates raises more questions than answers. Are these volatilities indicators of an incoming economic upheaval or are we looking at a mere market aberration? Financial institutions and market experts are likely to continue closely monitoring this trend to draw accurate insights. However, as things stand, the undulating nature of the day’s exchange rates have called on investors to exercise caution and be prepared for any eventuality. At this point, stability in the AZN exchange rates could either resume or worsen but no definite direction is foreseeable, rendering the future of AZN somewhat hazy. Every cloud has a silver lining, and this situation is no exception. For speculators and risk-takers, this turbulence in the AZN rates could present unique investment opportunities. As always, careful analysis and informed decision-making will be crucial for achieving success in the current market environment. The market will require careful monitoring in the coming days to shed more light on this eventful day, and its potential long term effects.Unstable Days Ahead as AZN Exchange Rates Experience Tumultuous Fluctuations in April 2024

Current Middle Market Exchange Rate

For information purposes only.