2024-04-16 Iranian Rial News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Every value of the given dataset is 3.0E-5. This means the exchange rate of IRR is consistent throughout the entire timestamps. Hence, based on this data, it's impossible to identify any increasing or decreasing trends or to identify any seasonality or recurring patterns. However, I can provide you with a summarised review:

Understanding the Overall Trend of the Exchange Rates

The exchange rate of IRR has remained completely constant throughout the entire timeline. Every recorded exchange rate is 3.0E-5. Therefore, no discernible upward or downward trend can be identified from these exchange rates.

Seasonality or Recurring Patterns in the Exchange Rate

Given that all recorded values are identical, no seasonality or recurring pattern can be identified in the exchange rate. To detect patterns or seasonal trends, there need to be variations in the data at regular intervals which is not the case in the provided dataset.

Outliers in the Data

There are also no outliers in this dataset as each recorded value is exactly 3.0E-5, meaning no recorded exchange rate differs significantly from this value.

From the observation, this financial time series data doesn't show any volatility. For an effective analysis of financial data, the sample needs to show some variability which can be examined for trends, seasonality, and outliers. This dataset doesn’t enable a meaningfully deep analysis because there is no variability in the data.
how Consistent Performance In an unexpected turn of events, the exchange rates (IRR) has demonstrated remarkable stability over an extended period. A comprehensive analysis conducted on the time-series data reveals that the IRR exchange rates have maintained a consistent position throughout all recorded timestamps. The series of data collection began in the early hours of April 15, 2024, and went on for roughly 24 hours. Throughout this length of time, there was no observed fluctuation in the exchange rates. The IRR remained steadfastly at 3.0E-5, a fact that is both astounding and unheard of considering the usual volatility experienced in the world of financial exchange rates. This kind of stability leaves several questions hanging, with the most obvious one being - What caused this significant stagnation? Normally, even in the most predictable markets, some slight variations in exchange rates are expected. Factors such as political happenings, global economic shifts, demand and supply, and anticipation of these factors all contribute to making exchange rates incredibly fickle. Yet, in this situation, the IRR seems to have rebelled against the norm. One potential explanation for this unusual phenomenon could be some form of intense intervention by financial regulators or bodies in order to maintain this rate. Another could be a stagnation of activity in the currency market where the IRR is involved. However, due to the scantness of other data and contextual information, any concrete conclusions or interpretations could be premature or incomplete at this stage. The implications of such an event are profound, given the ripple effect that the exchange rates can have on the economy. Unchanging exchange rates often indicate an equally static economic landscape. However, this stability, while seeming like a safe haven, could have a dampening effect on economic growth and financial dynamism. This event could also impact traders and investors who rely on fluctuations in exchange rates to make a profit. With no variation in the exchange rate, trading opportunities become minimal, and the market may stagnate. Going forward, it will be crucial to keep an eye on the IRR exchange rate. If this trend continues, it could signal the dawn of a new paradigm in currency exchange markets, where stability reigns over volatility. However, it''s just as likely that this could be an unusual blip and that exchange rates will resume their generally fluctuating nature. In either case, this serves as an intriguing case study in the unpredictable world of financial exchange rates and an important reminder that in finance, stability can sometimes be just as surprising as volatility. Unprecedented Financial Stability: IRR Exchange Rates Show Consistent Performance

Current Middle Market Exchange Rate

For information purposes only.