2024-04-29 Azerbaijanian Manat News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend Analysis

Based on the given time series data, the overall trend of the exchange rates (AZN) has shown a mix of both stability and fluctuation over the described period. The exchange rate appears to remain stable in some timeframes, such as the intervals between 0.79 to 0.80, and 0.80 to 0.81, where we can see the rates hovering around these values for a considerable duration. However, around the date of 2024-04-10, there is a noticeable increase in the values of the exchange rate that peaks at 0.80753, which indicates a fluctuating trend. This fluctuation continues until the value reaches 0.81655 on 2024-04-16. However, after this peak, the exchange rate appears to stabilize again within the range of 0.80 to 0.81.

Seasonality and Recurring Patterns

In terms of seasonality or recurring patterns, there appears to be a certain degree of cyclical pattern in the exchange rate. Particularly, the data seems to swing between patterns of relatively stable values and periods of somewhat drastic fluctuation. This cycle repeats multiple times throughout the given data set. The intervals of stability, the spikes in values, followed by a return to a stable state appear to make a recurring pattern. Nonetheless, it's important to note that while these patterns can be observed in the given dataset, without a larger scope of data that covers multiple years of data, it is quantitative to categorically confirm seasonality.

Outliers in the Data

Regarding the outliers in the data, a significant instance can be observed on 2024-04-16, where the exchange rate has an abnormal spike at 0.84559. This is an unusual increase in the value which deviates from the trend observed and is considerably higher than the other values in its vicinity. Therefore, this instance can be classified as an outlier in the given data set.

Final Remarks

In conclusion, the given dataset on exchange rates (AZN) presents a mix of stability and fluctuation in its overall trend. It shows certain recurring patterns of oscillation between stable and fluctuating rates. The observed outlier significantly deviates from the general trend of the data. It is important to note that these observations provide an understanding of the dataset but do not account for external factors that could affect currency exchange rates such as market owen/close hours, weekends/holidays, or finance news and reports, as per the given instruction.

tuations Through April After a month of remarkable fluctuations, the AZN exchange rate has closed April 2024 on a note of considerable uncertainty, providing a fascinating microcosm of the larger currency market dynamics. This volatility underlines the delicate balance existing in the current economic environment. The AZN began the month of April with subtle fluctuations, remaining within the 0.791 to 0.800 range. Initially, only minor alterations occurred, suggesting a generally stable market condition. However, as the month progressed, substantial shifts began to manifest that eventually culminated in a crescendo on April 16 as the rate spiked at an unprecedented 0.84559. This unexpected surge, which marks the highest value of the month, was a terse deviation from the more or less steady elsewhere in the month''s data. After this abrupt peak, the exchange rate began a downward trend, indicating a correction triggered by market forces. The reason for this pivotal spike is multifaceted. Global trade, geopolitical tensions, investor sentiment, and other influential factors all converge to shape currency exchange rates. These complex variables are intertwined and fluently impact the financial market, leading to potential unpredictability that we observed on April 16. As the AZN descended from its peak, it found a new equilibrium between the 0.800 to 0.810 ranges marking a relatively tranquil phase in its journey. From here, the currency underwent marginal ups and downs, including another noteworthily smaller surge to 0.82405 on April 18. These fluctuations can be seen as the currency finding its footing after the mid-month spike, guiding exchange rates to a sustainable level, reflecting deeper market realities. Towards the month''s end, the AZN depreciated somewhat, closing out at a slightly reduced rate of 0.80141. This drop could be due to factors ranging from increasing economic uncertainty to shifts in global commodity prices, or even geopolitical concerns that may affect investor confidence. This retrospect paints a picture of a month punctuated with prominent changes, charting a course of volatility that does more than just reiterate the flux inherent in financial markets. It speaks to the evolving dynamics of the global economy and the factors driving these shifts, from shifts in trade policies to adjustments in national economic strategies. Looking forward, the jittery performance of the AZN in the exchange market this April may well be a sign of things to come. With a climate of uncertainty persisting across global economies, this could be only the beginning of an era of continued unpredictability in the financial markets. Investors holding or considering the acquisition of assets denominated in AZN should be prepared for possible future volatility. This may require careful economic analysis and portfolio diversification to ensure potential risks are mitigated. Be it as it may, the events of this past month reaffirm that in the world of currency exchange, change is often the only constant.Unpredictable AZN Exchange Rates Witness Noteworthy Fluctuations Through April

Current Middle Market Exchange Rate

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