2024-04-26 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:


Overall Trend of the Exchange Rates

The data provided contains the exchange rates at several different timestamps. All exchange rates throughout the data are exactly the same, being consistent at 3.0E-5. As such, the trends in this dataset are very clear - the exchange rates have remained perfectly stable throughout the entire timeframe, with no overall increase or decrease.

Seasonality and Recurring Patterns

In terms of seasonality, since every recorded exchange rate in the data is at 3.0E-5, there are no discernible patterns or seasonal trends that can be seen from this data. It remains perfectly at a standstill at every point in time with no changes or identifiable cyclic behavior.

Outliers in the Exchange Rates

Given the complete stability of the exchange rates across the data, there are no outliers. Every instance is exactly the same, so none differ significantly or even minutely from the rest. Each timestamp records an exchange rate of 3.0E-5, meaning no single data point breaks this perfect consistency.

In summary, this dataset reflects an entirely stable exchange rate, with no changes, trends, seasonality, or outliers present.

Please note that this analysis is purely based on the provided dataset, and does not consider any external events, market hours, weekends, holidays, financial news or reports, etc. No forecast for future rates has been provided. This analysis offers an understanding of the state of the exchange rates as they have remained throughout this duration.

hallenges Market Predictions The Iranian Rial (IRR) has showcased an unyielding stability in its exchange rate, according to time series data covering an extensive period. Throughout the entire 24 hour span of April 25, 2024, the IRR''s value stood steadfast. The exchange rate remained static at a noteworthy figure of 3.0E-5,which is a strong contrast to the frequent fluctuations observed in the exchange rates of most other currencies. This atypical behavior invokes the curiosity of investors, economists, and analysts worldwide, initiating a surge of discussions and debates. The uniformity of this exchange rate throughout the day flags an extraordinary phenomenon in the financial markets that neither rose nor fell. The ''when'' is clear-cut from the data - from the earliest hour of the day till midnight of 25th April 2024, the ''what'' is a flat line of exchange rate which is relatively rare, the ''where'' is the worldwide marketplace. The ''why'' and ''how'' dive deep into the heart of economic principles and market dynamics. A persistently stable exchange rate breeches the norms of rational expectations theory and efficient-market hypothesis. Normally, exchange rates are subject to changes in investment inflow and outflow, economic growth rates, differences in inflation rates between countries, and even geopolitical events or changes in market sentiment. Stability of the IRR might indicate a possible intervention from the country''s central bank to defend the value of Rial. Typically, central banks implement mechanisms like pegging the local currency to a foreign currency or to gold, capital control, or excessive buying/selling of local currency to maintain an orchestrated stability. For investors dealing with the IIR, this observed consistency might hint at controlled economic measures or regulations at play – a crucial insight for potential investments and economic dealings. Whether the pattern continues further, projecting a new normal for the IRR, or if it''s a one-day spectacle, the financial world is keenly watching. From an economic standpoint, a stable exchange rate eliminates uncertainties in international trade, facilitating easier and more confident global transactions. However, too much stability may also signal a lack of response to market conditions and could potentially deter foreign investors who typically benefit from the risks and rewards of currency exchange fluctuations. Looking ahead, traders and economists will be keenly monitoring if the IRR sustains this surprisingly flat path, and it''s an opportunity for researchers to analyze and provide insights into the underlying cause of this stability. This unique trend offers an invaluable opportunity to learn more about the intricacies of currency valuation and financial market depth. Future implications of this event might include positioning the IRR as a safe harbor during high volatility in global currency markets or raising concerns about market manipulation.Unwavering Exchange Rates: The IRR

Current Middle Market Exchange Rate

For information purposes only.