2024-04-26 Burundi Franc News
2024-04-25
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
Upon thorough analysis, it is observed that the exchange rate of BIF (Burundian Franc) has remained constant at 0.00048 during the whole period under scrutiny. This indicates a strong stability in the exchange rate as it remains unchanged over different time intervals, suggesting that the value of the currency relative to the currency it is compared with has remained constant.
Identifying Seasonality or Recurring Patterns
Since the exchange rates remain the same throughout the data logs, it appears there is no discernible seasonality pattern or recurring trend in this dataset. The BIF rate at each timestamp is 0.00048 regardless of the time of day or the time throughout the month this data was taken from. Due to the lack of fluctuation, it is impossible to draw any conclusions about seasonal effects or recurrent changes.
Noting Any Outliers
Due to the lack of variation in the exchange rate, there are no outliers in this dataset. An outlier would mean a significant difference in the exchange rate from the trend, but since the rate remains at 0.00048, all data points align with the trend, and hence no outliers could be identified. This further strengthens the assessment of a stable exchange rate.
In conclusion, the BIF exchange rate demonstrated a strong stability over the time period provided and showed neither fluctuation nor outliers. This might reflect either a strong control of foreign exchange by the government of Burundi or a lack of dynamicity in the foreign exchange market. Further data or context regarding the economic policies and market dynamics would be needed to understand the underlying reasons for this observed stability.