2024-04-29 Azerbaijanian Manat News
2024-04-28
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.