Burundi Franc Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    Understanding the Overall Trend of Exchange Rates

    Based on the given dataset, it is observed that the exchange rate remains stable at 0.00048 for most of the period. Furthermore, a decrease in the exchange rate to 0.00047 at approximately 07:55:03 is noticed which continues till the end of the day. This suggests that the trend of the exchange rate on 2024-02-29 decreases slightly but no significant fluctuations are observed otherwise.

    Identifying Seasonality or Recurring Patterns

    In the discussed period, the data does not seem to present any identifiable seasonality or recurring patterns. The exchange rate remains consistently at 0.00048 for the majority of the instances with a slight decrease towards the latter part of the day. However, it would require data spanning a larger timeframe to confidently assess and comment on potential seasonality in the exchange rates.

    Outliers or Unexpected Instances

    The data set does not exhibit any noticeable outliers. The exchange rates are consistently at 0.00048 with a slight decrease to 0.00047. However, a more advanced statistical analysis could potentially uncover less obvious variances or outliers.

    Contextual Factors

    The analysis was conducted solely based on the exchange rate data provided and did not incorporate any contextual factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.

    Hence, considering the data provided and the observations made, it's suggested that the BIF exchange rate is relatively stable throughout the given timestamps on 2024-02-29, with only a minimal decrease noted, while no recurrent patterns or seasonality are identified. Note that an examination over a broader period may yield different results and allow for more detailed insights into the trends and patterns of the BIF exchange rate.

Summary of Yesterday

  • 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 Rate Data

    Based on the data provided, the following key points can be noted:

    1. Understanding of the overall trend of exchange rates

    The data from February 28, 2024, exhibits a consistent exchange rate throughout the early hours until the rate shows the first sign of increase from 0.00047 to 0.00048 at 06:20:02. From this point onwards, the rate remains stable at 0.00048. Therefore, it would be fair to say that within the given time frame, the overall trend of the exchange rate has been majorly stable with a slight increase seen midway.

    2. Identification of seasonality or recurring patterns

    The dataset shows a recurring pattern where the exchange rate has remained consistent for several hours at a stretch and then changes, remaining stable again for a long period. However, due to the limited duration of the sample data (only one day), any further assertion about the daily, weekly or monthly seasonality of the exchange rate would not be accurate.

    3. Noting of outliers

    Considering the entire dataset, the consistency of the exchange rates is interrupted only twice; once when the rate changes from 0.00047 to 0.00048, and second when it dips back to 0.00047 momentarily only to bounce back to 0.00048. These instances can be identified as outliers as these breaks the trend of consistent rates. Nevertheless, these fluctuations are not extreme and the rate stabilizes quickly after both instances.

    It should be noted that this analysis is based on the numerical trends displayed in the provided dataset and does not take into account any external factors or event-specific influences, per your instructions.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

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 BIF Exchange Rate

    After analyzing the data provided, there are a number of insights that can be observed. Here is a comprehensive analysis of the dataset:

    1. Overall Trend

    The overall trend of the BIF exchange rate, based on the given dataset, appears to remain extremely stable over the period shown. It can be noted that the rate has remained constant at 0.00047 without fluctuating over the specified time period.

    2. Seasonality or Recurring Patterns

    Given that the exchange rate has not varied throughout the period captured in the dataset, it's difficult to identify any seasonality or recurring patterns. The rate has remained consistently stable at 0.00047, which indicates the absence of any discernible cyclical or temporal trends.

    3. Outliers

    Concerning anomalies or outliers in the dataset, the given time-series data does not exhibit any, as the exchange rate has consistently remained the same, i.e., 0.00047. In this scenario, it can be inferred that there were no instances where the exchange rate differed considerably or significantly from the norm.

    This analysis is based purely on the provided dataset and does not take into account external factors such as market opening/closing hours, weekends/holidays, the release of key financial news, reports or any particular event.

    With the given data exhibiting no variation, it's challenging to draw conclusive findings regarding the behavior of the BIF exchange rate apart from its static nature within this period.

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

    Overall Trend of Exchange Rates

    From analyzing the data, it's clear that there is a stable trend in BIF exchange rates over the period shown. Each data point from the set shows the same value of 0.00047 with a minor increase to 0.00048 on 2024-02-14 22:00:03, going back to the standard rate from 2024-02-15 10:00:03 onwards. This signifies that the trend has been relatively flat without any substantial increase or decrease in the exchange rate.

    Seasonality or Recurring Patterns

    No discernable seasonality or recurring patterns have been identified from the dataset. This might be due to the stable nature of the BIF exchange rate throughout the period examined. The dataset would need a wider range or fluctuations in the exchange rate to accurately assess any seasonality or recurring patterns.

    Outliers

    The only notable outlier in this dataset is the increase from 0.00047 to 0.00048 timestamped on 2024-02-14 22:00:03. It's an instance where the exchange rate differs significantly from the stable trend observed. However, the rate returns to its usual 0.00047 from 2024-02-15 10:00:03 onwards.

    In summary, the BIF exchange rate appears to be very stable during the examined period, with one brief fluctuation noted.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    1. Overall Trend Analysis

    If we look at the time series data for the given date range, the BIF exchange rate maintains a constant value of 0.00047. Over the entire period under review, the BIF exchange rate has been stable without any noticeable increase or decrease. Hence, it can be said that this exchange rate is rather static during this stretch of time.

    2. Seasonality and Recurring Patterns

    Given the consistency of the BIF exchange rate over the observation period, there seems to be no seasonality or recurring pattern in the data. The exchange rate stays the same irrespective of the time of the day or the day of the month. Therefore, the data does not suggest any cyclical fluctuations or repeating patterns that are typically exhibited in time series data.

    3. Outliers

    As per the provided data set, there are no significant outliers. An outlier in this context would indicate a significant variation in the exchange rate, which is not reflected in the data. As highlighted before, the BIF exchange rate remained stable at 0.00047 throughout the entire time series, indicating no anomalies or extreme deviations from the common trend.

    Note that the analysis above only takes into consideration the provided data set and does not account for any external factors such as market opening/closing hours, weekends/holidays, or the release of major financial news and reports. As indicated, the goal of this analysis was not to generate future rate forecasts.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    1. Overall Trend Analysis:

    From the dataset provided, it is observed that the exchange rate (BIF) for the entire period remains 0.00047. This indicates that the exchange rate is fully stable, with little or no variation. We didn't notice any visible increase, decrease or volatility in the exchange rate. Therefore, the overall trend of the exchange rates is stable.

    2. Seasonality or Recurring Patterns:

    As the exchange rate is same across the entire dataset, we don't observe any seasonality or recurring patterns. Based on the data provided, the exchange rate neither shows patterns that repeat at regular intervals nor shows any predictable patterns due to possible cyclical events.

    3. Outliers or Significant Differentials:

    Given the constant nature of the exchange rate data during the period under review, there is no observable differentiation in the exchange rate values. This implies that there are no outliers in the dataset, meaning no significant divergence from the normal and stable rate of 0.00047.

    Please note that due to unchanging nature of the rates in the dataset, the analysis is primarily descriptive. Any further inferential statistical analysis like prediction or forecasting of future rates cannot be performed.