Unchanging BIF Exchange Rate Signalling Market Stability
2024-03-12
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Based on the dataset provided, the exchange rate(BIF) seems to be extremely stable throughout the time period given. The BIF exchange rate has been static at 0.00047. This constancy suggests that there's a strong presence of stability in the market which this data is taken from. It can also be inferred that the supply and demand for currencies in this market are well balanced.
Seasonality and Recurring Patterns Analysis
Given the consistency of the exchange rate in the provided dataset, identifiable seasonality patterns or recurring changes cannot be noted. To identify such patterns, there would need to be more significant fluctuations in the exchange rate.
Outlier Detection
The exchange rate provided in the dataset did not exhibit any variations; all the timestamped values were set at 0.00047. Therefore, based on this data, there aren't any outlier instances where the exchange rate deviates significantly from the prevailing trend. To identify outliers, there would need to be more substantial fluctuations in the rate at different timestamps.