2024-05-07 Uzbekistan Sum News
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2024-05-06
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the Exchange Rates Dataset
The exchange rates dataset provided comprises timestamped data of UZS exchange rates taken at different times. A thorough review of the data reveals interesting insights.
1. Understanding the Overall Trend
Based on the dataset provided, there appears to be a flat trend in the exchange rate. The rate of 0.00011 seems to remain consistent throughout the entire duration. In this specific period, the exchange rate neither increases nor decreases but maintains stability. Such a pattern may signify a stable economic situation during this specific timeframe.
2. Identifying Seasonality or Recurring Patterns
Due to the consistency of the exchange rate over the entire time series, there is no noticeable seasonality or recurring patterns within the data. The rate stays at 0.00011 at every timestamp, indicating the absence of any cyclical or repetitive changes during this period. Therefore, from the provided records, it can be inferred that the exchange rate has remained unaffected by factors that might typically cause oscillations, such as different seasons in a year or recurring economic trends.
3. Noting any Outliers
As the exchange rate remains unvaried throughout the time series data, no outliers can be identified. An outlier would typically represent a rate that substantially deviates from the other values. However, in this dataset, the authoritativeness of the rate provides no scope for deviation or the presence of outliers. Every datapoint fits perfectly within the constant trend, and thus doesn't deviate from the expected.
Therefore, based on the available data, the UZS exchange rate displays a trend of remarkable stability, without any detectable recurring patterns or anomalies. These observations, however, are constrained to the period represented by the data and may not hold if different time ranges were considered.
Please be reminded that this analysis is based on the data provided and does not consider the influence of external factors such as market conditions, global events, policy changes, or economic forecasts, neither does it provide predictions for future rates.
![Stable UZS Exchange Rate Maintained Over Day-long Span](http://currencymart.net/images/news/uzbekistan-sum/2024-05-07/img-TQkgGsPWwI8Y1XuKRF7HVAoj.webp)