Unprecedented Stability Witnessed in Exchange Rates Throughout the Day
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Upon analyzing the dataset, it becomes apparent that the exchange rate of IRR (Iranian Rial) remains stable throughout the given period. The exchange rate data shows a consistent value of 3.0E-5.
Understanding the Overall Trend
The overall trend shows that the exchange rate has not changed throughout the given timestamp. The rate has remained at a constant 3.0E-5 which is quite rare for a currency exchange rate.
Identifying Seasonality or Recurring Patterns
Given the consistency of 3.0E-5 rate, there are no observable seasonal variations or recurring patterns in the data. Rates remain the same round the clock, weekday or weekend without any noticeable changes.
Outliers Observation
Since the dataset exhibits a steady rate of 3.0E-5 over the entire period, there are no outliers present. All the values in the dataset are the same, which means no rate deviates from the norm.
Conclusion
The analysis reveals uniformity in the IRR exchange rate over the entire period provided in the dataset. The rate stays constant at 3.0E-5 and exhibits no changes over different times of the day or different days of the week. There are no anomalies or outliers present in the dataset, and no discernible seasonal trends or patterns have been observed.
PLEASE NOTE: Analysis of external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, were not taken into account as per the requirements of the task. Additionally, no forecast for future rates has been provided.