2024-04-29 Burundi Franc News
2024-04-28
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
Analysis of BIF Exchange Rates
The dataset represents the changes in exchange rates (BIF) over a particular period. An analysis of the dataset reveals certain key insights about the trend, seasonality, and outliers in the exchange rates.
1. Trend of Exchange Rates
Throughout the period captured within the dataset, the BIF exchange rates demonstrate remarkable stability. The rate predominantly fluctuates between 0.00047 and 0.00048, but the variation doesn't appear to indicate any specific upward or downward trend. The majority of the time, the exchange rate remains solidly constant at one of these two rates, suggesting the relative stability of the BIF across this time-frame.
2. Seasonality of Exchange Rates
Given that the exchange rate changes are mostly between two nominal values (0.00047 and 0.00048), it's somewhat challenging to clearly determine any seasonality or recurring patterns. However, close observation of the dataset suggests the lack of any noticeable seasonality. The exchange rate tends not to follow any regular or repeating change patterns specific to certain days or times, but instead fluctuates within the narrow range described above due to factors not evident within the provided dataset.
3. Outliers in Exchange Rates
The dataset shows a completely predictable behaviour over the observed period with no discernable outliers. The exchange rate consistently moves between 0.00047 and 0.00048, and there's no occasion where the rate deviates significantly from these two figures. Thus, we can conclude that there are no considerable outliers that differ from the expected trend or raise further questions in the exchange rate data given.
In summary, the BIF exchange rate during the period this data was captured displayed a high degree of stability, with no observable trend, seasonality, or outliers. This behaviour could imply a relatively stable economic period for BIF, unaffected by major economic shocks or changes.