2024-04-24 Iranian Rial News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Analysis of the provided dataset

The provided dataset contains timestamped exchange rates (IRR) for a certain period. However, based on the data provided, the exchange rate remains constant at 3.0E-5 across all timestamps. This analysis assumes that the data provided is accurate and that the right dataset was given for the task.

1. Understanding the overall trend of the exchange rates

Given that the exchange rate remains constant throughout all timestamped entries at a rate of 3.0E-5, it can be asserted that the overall trend is stable. There is no increase or decrease observed within this particular dataset.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

For any seasonality or patterns to be noted, there has to be some change or variation across the data points over a period. Considering the provided dataset, as the exchange rate does not change at all, it is not possible to establish any seasonality or recurring patterns.

3. Noting any outliers in the exchange rate

An outlier would be an instance where the exchange rate significantly differs from the rest of the data points. Given that every single data point in this dataset has the same exchange rate of 3.0E-5, there are no outliers present.

Overall, without any volatility in the exchange rate over time, one might conclude that factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports have no influence on the exchange rate within this specific period.

Final Remarks

The absence of change in this data may indicate that the dataset provided might not be the representation of a typical foreign exchange market scenario where rates change frequently over time. Alternatively, it could depict a period of extreme stability for the concerned rate, which is scarce in currency markets. In either case, the given dataset shows no variation, trend, seasonality, or outliers based on the exchange rate's uniformity.

hroughout Entire Day In a turn of events that left many financial analysts intrigued, the Iranian Rial (IRR) showed unanticipated stability in its exchange rate on April 23, 2024. In a world where market fluctuations are not only a given but an assumed reality, this constancy in IRR''s trend is a testament to Iran''s economic resilience. The data captured on that day revealed a remarkable consistency. The value of the IRR exchange rate remained steady at 3.0E-5 throughout the entire day, starting at midnight, and ending at the stroke of midnight that ushered in the subsequent day. The question that arises next is: who does this affect and how? Financial stability of a country''s currency influences both domestic and international players. On home ground, it spurs consumer and business confidence, encouraging investment and economic activity. Internationally, it affects foreign investors'' confidence, importers, and exporters who have direct dealings with the country''s economy. A stable exchange rate, especially in today''s destabilised geopolitical climate, is a powerful sign of an economy''s robustness. Although gains and losses are part of the normal ebb and flow in the markets, protracted stability can be a magnet for foreign investments, importing countries, and even tourists. To the everyday citizen, this means a stable cost of living, as a fluctuating currency can often impose misunderstandings about inflation. But in the case of Iran, the everyday consumer might find solace in predictability. However, it is crucial to note that prolonged periods of exchange rate stability might also indicate a lack of responsiveness to market changes. This could be potentially detrimental in a long run, as the currency might eventually become over or undervalued, leading to drastic corrective measures. Going ahead, we keep our eyes on the IRR and Iran''s economic policies. Will they continue with this pattern of stability, or will we see the usual trends and market fluctuations take over? Only time will tell. For now, market watchers, investors, and the Iranian populace alike can bask in this glow of economic stability. As we continue to monitor the situation, we will bring timely updates and detailed analysis. Keep watching this space for the latest news and an informed perspective on global financial developments.Stable Iranian Rial Exchange Rate Maintains Status Quo throughout Entire Day

Current Middle Market Exchange Rate

For information purposes only.