2024-05-01 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:


Based on the information provided, I can offer an analysis, but it's worth noting that every single value in the data you provided is exactly the same (3.0E-5). Therefore, the analysis will have very limited outcomes. However, here it is:

Overall Trend

The exchange rates have remained stable throughout the entire period. The rates started at 3.0E-5 and ended also at 3.0E-5 and did not change at any point in between these times. Therefore, there is no increasing or decreasing trend to observe.

Seasonality and Recurring Patterns

Given the constancy of the data, there is no seasonality or cyclical behavior observable in the exchange rates. The rates have remained exactly the same regardless of the time of day or the day of the month. Hence, we can say that the exchange rate is free from any seasonality effect.


Since all values in the data provided are identical, there are no outliers to identify. An outlier would be a value that starkly contrasts with the general trend of the dataset, but here, every value is the same (3.0E-5).

Please note that, due to the lack of variation in the dataset, this analysis might not provide the insights you're looking for. You might want to check the correctness of the dataset, as having exactly the same exchange rate value for every timestamp across a lengthy timeframe is quite unusual.
24 Market As April comes to a close, financial markets around the world are feeling the effects of the Iranian Rial (IRR) maintaining a strikingly stable exchange rate throughout the month. The currency stood firm at 3.0E-5 all through April 2024, a stability rarely seen in the fluctuating world of finance, which begs the question - what does this tell us about Iran''s economy? For the uninitiated, the IRR is Iran''s national currency, and its exchange rate represents the currency''s value compared to other currencies. A steady exchange rate is often seen as a sign of economic stability. Over the month of April 2024, the IRR has demonstrated an iron-clad steadiness, an unusual occurrence given the typical volatility of currency markets. This stability has been consistent across varied times of the day, showing no indication of the regular peaks and troughs often related to trading hours. So, why is this significant? A stable exchange rate, like Iran''s, can be a sign of economic strength. It indicates that Iran has effectively managed inflation and kept it in check, leading to increased confidence amongst investors and traders. While stability is generally seen as beneficial, one should also consider the potential drawbacks. If a currency becomes too stable, it can create an illusion of security and result in complacency, which can lead to risks being underestimated. But, adopting a cautious point of view, we can see the picture more clearly. Iran''s steadfast exchange rate most likely reflects the country''s ongoing economic strategies and strict monetary policies aimed at reducing the volatility often associated with emerging markets. This could symbolize a robust economic environment that, despite its challenges, has managed to assert a level of resilience and relative detachment from external turbulences. This stability in the IRR''s exchange rate showcases Iran''s efforts in maintaining economic stability in face of challenges. Its strict fiscal and monetary policies may serve as a model for other emerging market economies striving for a steady economy. Looking ahead, the market will likely be watching for any changes in Iran''s economic policy or fluctuations in its currency exchange rates as indicators of potential shifts in the country''s macroeconomic stability. Given this unusual month of stability, any changes in the IRR exchange rate will be under scrutiny, possibly leading to implications for not only Iran''s market but also geopolitical and global economic scenarios. As we move into May 2024, eyes will continue to be trained on the IRR''s performance and what it will mean for global finance.Steady Iranian Rial Exchange Rates Dominate the April 2024 Market

Current Middle Market Exchange Rate

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