Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
The data provided is an exchange rate time series of XAF from January 26, 2024, to February 23, 2024. Over this period, the XAF fluctuated between 0.00220 and 0.00223. The frequency of these recordings differs; however, on average, the data is recorded roughly every two hours, offering a robust dataset to assess and analyze.
Overall, the XAF exchange rate appears relatively stable over the given period. The rate fluctuates slightly around the range of 0.00220 and 0.00223 but does not show a strong trend to indicate a consistent increase or decrease. This implies that the value of XAF remained relatively unchanged during this time frame.
Seasonality and Recurring Patterns
Given the short duration of the dataset (about a month), it is challenging to identify clear seasonality or recurring patterns, since these usually occur over longer, repetitive periods such as quarterly, annually or cyclic. However, upon inspection, there appears to be minor daily fluctuations in the exchange rate, possibly linked to market opening and closing times, although further investigation over a longer time series would be required for confirmation.
Upon analysis, potential outliers are not readily apparent. The XAF exchange rate tends to hover around the same values, with no significant spikes or dips that would suggest an aberration from the expected. This signifies that during this period, the exchange rate remained relatively steady without any significant unexpected occurrences impacting it.
In conclusion, the XAF exchange rate maintained a level of stability throughout the period provided in the dataset. It has minor fluctuations but no considerable change in trend. No clear seasonality or recurrent pattern is present in the dataset, likely due to the relatively short data period. The lack of discernible outliers indicates that the exchange rate during this time was largely unaffected by unforeseen, singular events.