2024-05-13 Iranian Rial News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the Provided Dataset
Upon analyzing the provided dataset, it's apparent the same exchange rate (3.0E-5) is seen throughout the recorded timeline. This reflects no change in value throughout the different recorded timestamps, from the start date of 12th April, 2024, to the end date of 10th May, 2024.
1. Trend in Exchange Rates
Based on the provided data, the exchange rates appear to be stable throughout this period. There are no appreciable increases or decreases in the exchange rate. Therefore, it can be concluded that the overall trend of the exchange rate is a constant value of 3.0E-5 over the given period, indicating a level of stability in this financial environment.
2. Seasonality or Recurring Patterns
Given the constant level of the exchange rate, there doesn't appear to be any seasonality or recurring patterns in the changing rates. The rates do not fluctuate and remain the same throughout the given period. Additionally, the data does not show any patterns relating to business days, weekends, or any other time period.
3. Outliers
In this dataset, no outliers are present. An outlier would be a significant deviation from the constant exchange rate of 3.0E-5. As the data does not contain any such deviation, we can conclude there are no outliers in this dataset.
In conclusion, the dataset suggests a particularly stable exchange rate environment, with no observable changes in the exchange rate, thereby no trends, patterns or outliers can be deduced from the given data
. Note: It’s essential to remember that external factors could influence these rates, despite not being evident in the provided data. Such factors can include geopolitical events, economic news, and changes in the overall financial market scenario. Therefore, while this analysis forms a good basis, it may be necessary to consider such factors for a more comprehensive financial analysis.![Stable Exchange Rate: IRR Shows Consistent Performance Over Two Weeks](http://currencymart.net/images/news/iranian-rial/2024-05-13/img-bhtCiFab1ggCmNw09bSlesKf.webp)