2024-05-13 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

Before we begin, it's important to note the format of the data provided and the variables it contains. The dataset is a time series, with timestamps in the format 'YYYY-MM-dd hh:mm:ss'. The variable 'azn' represents the exchange rate at each corresponding timestamp. The analysis will focus on identifying trends, patterns, and outliers in the exchange rate, without considering external factors like market timing, holidays, or financial news events.

1. Understanding the Overall Trend

The overall trend of the exchange rate can be discerned by looking at the start and end points of the data as well as the general direction of the data in between. Upon visual inspection, the exchange rates show a degree of volatility, indicating up and down swings throughout the period. However, it's worth noting that the rates at the beginning and end of the period are not significantly different, suggesting that, overall, the rates may have remained relatively stable.

2. Identifying Seasonality and Recurring Patterns

At first glance, there doesn't appear to be a clear, predictable pattern or seasonality in the data. The exchange rates fluctuate both up and down throughout the course of the period. However, a more thorough time series analysis may reveal subtle recurring patterns or cycles that aren't immediately obvious. This could involve dividing the data into smaller chunks and comparing the patterns within each chunk.

3. Noting Any Outliers

Outliers in this context would be instances where the exchange rate differed significantly from what might be expected based on the surrounding data points. There are a few potential outliers in this dataset. These include the point at 2024-04-16 14:00:03, with a notably high value of 0.84559, and the points at 2024-05-02 04:00:02 and 2024-04-26 02:00:02, with comparatively low values of 0.79772 and 0.79858, respectively. These outliers suggest instances of significant volatility in the currency market.

This initial analysis provides the basis for a deeper investigation, and further statistical techniques can be applied to extract more complex patterns or to validate the observations made. Please note, however, that currency markets are affected by a multitude of factors, and this simple analysis doesn't take into account many potentially key influences.

al Shocks The Azn currency experienced a significant rollercoaster ride, as the exchange rate appeared tumultuous over the past fortnight, according to recent data analysis. The analysis, which tracked the change in exchange rates at different timestamps, showed a series of fluctuations across different periods. The data indicated that the Azn exchange rate initially maintained its value, as it ranged between 0.806 and 0.812 between the 12th and the 16th of April. However, it suddenly witnessed a sharp rise to 0.84559 midway through the 16th before returning back to its previous levels. The data analysis showed a pattern of sporadic rises and falls. These currency fluctuations can be an indication of a volatile market turmoil which can spark concerns for investors and businesses in this ever-connected global economy. Financial experts believe these fluctuations are usually caused by a combination of factors such as investor sentiment, economic indicators, political stability, and global market conditions. In a global economy, changes in exchange rates can have far-reaching effects. For businesses engaged in international trade, fluctuations can affect the cost of imports and exports. For investors, these changes can impact the return on overseas investments. Exchange rate fluctuations can also affect inflation and interest rates. During such volatile periods, investors typically seek refuge in safe-haven assets, such as bonds and gold, to protect their investments. Businesses, on the other hand, might utilize financial instruments, such as futures and options, to hedge against the risk of currency fluctuations. The Azn’s volatility might indicate economic uncertainty or impending change. If the fluctuations continue, it could potentially lead to higher business costs and decreased consumer spending, putting a dent in the local economy. However, it could also potentially make Azn exports more attractive on the global market, providing a potential boost to local businesses. Looking ahead, it''s important for investors and businesses to monitor these fluctuations carefully. The future of Azn exchange rate will greatly be determined by both domestic economic activities and global financial trends. Traders and investors are advised to stay updated with global financial news and ensure their investment decisions consider the implications of these surprising exchange rate swings. The saying ''Rome was not built in a day'' fits perfectly into the realm of financial markets. While it''s crucial to understand the current scenario, a clear vision of the future to navigate the financial journey is equally important. Making sense of each rise and fall can be challenging, but with careful analysis and sound economic judgment, the road to a stable financial future becomes easier to navigate. As the Azn exchange rate continues to fluctuate, it''s crucial for all market watchers to keep a vigilant eye.Azn Exchange Rate Witnesses Rollercoaster Ride Amid Global Shocks

Current Middle Market Exchange Rate

For information purposes only.