2024-04-23 Azerbaijanian Manat News
2024-04-22
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.