Unwavering Stability Unchanged UZS Exchange Rate Dominates
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-13
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 UZS Exchange Rate Data
After reviewing the dataset provided, the following insights were gained:
1. Overall Trend of the UZS Exchange Rates
The UZS exchange rates provided have remained stable throughout the entire period. The value consistently held at 0.00011 without any fluctuations. This lack of volatility might indicate a tightly controlled or regulated currency. It's also possible that a small subsection of the data was provided, not allowing for much change to appear.
2. Seasonality in UZS Exchange Rates
Due to the UZS exchange rate remaining constant over the entire period, there isn’t any evident seasonal variation or recurring pattern. Usually, one might observe patterns repeating on a daily, weekly, or monthly basis, potentially related to factors such as market opening/closing times. However, such patterns are not existent in this case due to the lack of rate movement.
3. Outliers in the Dataset
Given the constant UZS exchange rate value of 0.00011 throughout the dataset, no outliers are present. Typically, outliers might suggest instances of significant financial news or market events. But in this scenario, no such occurrences have distorted the regularity of the exchange rates.
However, the absence of fluctuations in the exchange rate is unusual in the context of typical financial markets. This very constancy across time is notable, though without additional context or a broader dataset, it's difficult to determine why this might be.
Overall, it would be beneficial to analyze a more extensive, varied dataset to gain a deeper understanding of the dynamics influencing the UZS exchange rates.
![Unwavering Stability: Unchanged UZS Exchange Rate Dominates](http://currencymart.net/images/news/uzbekistan-sum/2024-05-14/img-HyuFeZJ0WB1dRNniFe1mw644.webp)