2024-05-22 Azerbaijanian Manat News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
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 analysis of the given dataset, it is observed that the exchange rates tend to fluctuate within a specific range over time, the highest value being 0.82981 and the lowest value being 0.7729. Although there are several fluctuations, the general trend suggests a reasonably stable exchange rate with minor increases and decreases over the time period.
2. Identifying Seasonality or Recurring Patterns
The time-series data does not exhibit a clear seasonality or recurring patterns in the changes of exchange rates. Considering the nature of the financial markets, the variations in the exchange rates could be attributed to a myriad of factors that behave unpredictably, thus making it challenging to identify a regular pattern if present.
3. Noting any Outliers
Upon observation, there are certain points that could be considered as outliers due to their notable deviation from the rest of the dataset. For example, the exchange rates registered at these timestamps '2024-05-21 21:00:02' and '2024-05-21 23:00:02' exhibit significantly higher exchange rates compared to surrounding data points. Similarly, '2024-05-21 14:20:03', '2024-05-21 19:10:03', '2024-05-21 21:20:02' and '2024-05-21 23:35:02' depict lower exchange rates, indicating that these could potentially be classified as outliers.
However, outliers in financial markets may signify crucial financial events and thus should not be disregarded without thorough investigation.
![Volatile AZN Exchange Rates Witnessed on May 21, 2024](http://currencymart.net/images/news/azerbaijanian-manat/2024-05-22/img-f3nK8iMa0HXubjT0uo2FJtqC.webp)