2024-05-14 Azerbaijanian Manat News

Summary of Last Month

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  • Difference of Daily High & Low:

Statistical Measures

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Trend

1. Understanding the overall trend of the exchange rates

The provided data indicate that the exchange rate tends to fluctuate over time. However, the rates don't follow a consistent upward or downward trend. Rather, they oscillate within a certain range, indicating a degree of volatility in the exchange rates.

2. Identifying seasonality or recurring patterns

While a detailed statistical analysis would be necessary to confirm any seasonality in the exchange rates, the data doesn't show clear signs of recurring patterns at this scale. The fluctuations in the rates seem to have some irregular intervals, suggesting the influence of non-cyclical factors.

3. Outliers in the dataset

Outliers in time-series data are points that significantly deviate from the trend. In this dataset, we observe several instances where there are significant drop and increase in the value from the usual range. For example, sizable drops are observed in the exchange rates around timestamps '2024-05-13 02:35:02' and '2024-05-13 03:25:02'. Such spikes and drops could be due to multiple factors and represent points of potential interest for further analysis.

/h1> Discovering a new pattern in the financial world, the Azerbaijani Manat (AZN) exchange rate encountered several fluctuations within a 24-hour time stamp on May 13, 2024. The constantly altering rates are urging investors worldwide to re-evaluate their investment strategies and observe the market closely. The patterns observed at the opening hours of May 13th saw an incremental rise in the exchange rate from approx 0.80507 to 0.80737, showing a new high, but quickly nose-dived to around 0.79871. This quick shift offers a new dynamic into the exchange market of AZN, signaling a possible influential change in the economic structure of Azerbaijan. Throughout the day, the exchange rate experienced a bumpy journey, witnessing highs at around 0.81222 and 0.81962 and dropping to a significant low of 0.77367. The ripple sent across by the AZN''s significant shift, is not only felt in the Azerbaijani market but its effects also percolated into the global market, raising eyebrows among international investors. Traders and market analysts have been sent into an analytical frenzy trying to predict the reasons behind these fluctuations within a span of a single day. The fluctuations can suggest multiple implications, including potential sovereign strategies or domestic economic changes. They might also hint towards consequential external factors that reflect global economics. These could range from geopolitical changes, international trade policies, and even global events impacting world markets. The day ended on a slightly more stable note with the AZN hovering around 0.80517. The inconsistency throughout the day, however, emphasizes the unpredictable nature of financial markets and the need for investors to stay nimble. This holds especially true for the investors directly or indirectly invested in AZN or into the Azerbaijani market. Looking ahead, the AZN''s performance continues to be a topic of interest for experts and investors with a keen eye on the Azerbaijani and larger global market. The unpredictability of the AZN exchange rate observed during the day raises questions about the future stability of the AZN. As the market continues to sway, investors will be looking for signs of stability or continued volatility in the coming weeks. This noteworthy event also serves as a reminder for beginners and seasoned investors alike about the necessity of having a comprehensive and adaptable investment strategy when venturing into volatile markets such as these to safeguard their interests. It is a testament to the adage, ''never put all your eggs in one basket.'' It would be wise for every investor to closely monitor these developments and take professional advice, if necessary. As the story continues to unravel, we must be watchful of what the future holds for the AZN exchange rate.Unpredictable AZN Exchange Rate Witnessed Over 24 Hours

Current Middle Market Exchange Rate

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