2024-05-09 Iranian Rial News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Firstly, looking at the dataset provided, there is an interesting characteristic to note: the exchange rate, as indicated by the IRR values, remains constant throughout the dataset at 3.0E-5. This is a somewhat unusual feature for a foreign exchange dataset, as exchange rates are typically quite volatile and subject to many factors, such as economic indicators, geopolitical events, and market sentiment. However, the consistency in this dataset may be due to it representing a controlled or stabilized currency.
1. Understanding the overall trend of the exchange rates
Given that the IRR exchange rate value is consistent across the entire timeline, we can conclude that there isn't an observable trend of increase or decrease within this dataset. Instead, the exchange rate remains stable over time.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Due to the constant IRR exchange rate value throughout the data set, there is no discernible pattern or seasonality in the exchange rate changes. There are no periods where the exchange rate rises or falls, and subsequently no cyclical behavior or seasonality can be discovered in this particular dataset.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Again, given that all the IRR values in the dataset are identical at 3.0E-5, there are no outliers in this dataset. An outlier in this context would be a significant departure from the 3.0E-5 exchange rate value, which does not occur in the data provided.
Overall, this exchange rate data for IRR appears to be very stable and constant, with no observable trend, seasonality, or outliers. It's important to understand that this behaviour is not typical for freely traded currencies, which often display more volatile and complex behaviours influenced by a multitude of factors.
![Unprecedented Stability in Iranian Rial Exchange Rate Witnessed Over 24 Hours](http://currencymart.net/images/news/iranian-rial/2024-05-09/img-ZWxFIzRCkjSNctRrjwCJYAlT.webp)