2024-05-03 Azerbaijanian Manat News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates:
Upon an initial overview of the data, it can be seen that the exchange rate of AZN generally displays fluctuations within a certain range rather than a consistent upward or downward trend. This indicates a somewhat volatile exchange rate, frequently changing within a bound, rather than a steady increase or decrease. Of course, to ascertain a more definitive trend direction, a more detailed statistical and graphical examination would be beneficial.
2. Identifying Seasonality or Recurring Patterns:
As for detecting seasonality or recurring patterns in the exchange rate, this would typically require a longer time series dataset spanning years to note events that occur on a yearly cycle. Given that the provided data is limited to a single day, it is difficult to identify longer-term, seasonal trends. However, looking at the intraday changes, there appears to be a level of consistency in fluctuations that may suggest a recurring pattern. Again, final conclusions on any patterns would require appropriate time series analysis methods.
3. Noting any Outliers:
By quickly reviewing the data, a few potential outliers can be noticed. These are moments where the exchange rate sharply falls or rises compared to its immediate contexts. These values could be due to various reasons, such as technical errors, high market volatility, or other factors that would require further investigation.
In conclusion, the exchange rates have shown an overall fluctuating trend with potential for recurring patterns and a few possible outliers. A more detailed analysis would allow a more definitive conclusion, but this offers a quick insight into the dataset's patterns.
