2024-05-06 Burundi Franc News
2024-05-05
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 the given dataset, the general trend of the exchange rates appears to mostly stable. The rate, expressed in BIF, started at 0.00047 at the beginning of the given timespan and gradually increased to 0.00048, where it remained stable until the last data point. This slight increase indicates that over this period, the currency associated with the provided BIF rates has slightly appreciated compared to the reference currency.
Identification of Seasonality
Upon analyzing the dataset at hand, one can not conclude apparent seasonality or recurring patterns in the BIF exchange rates. It is not unusual for exchange rates as they are influenced by a variety of complex factors, and their changes do not usually follow simple cyclical patterns. It would require a more sophisticated type of time-series analysis to identify such patterns if they exist. For instance, assessing whether exchange rates are higher or lower at certain times of the day or days of the week.
Outliers in Exchange Rates
In dealing with exchange rates, outliers or instances of significant variation could be potential indicators of unusual market activity or large transactions. For the given dataset, the exchange rates remain stable with a few fluctuations between 0.00047 and 0.00048. Thus, we don't note any significant outliers in the dataset. This suggests that during the period under observation, the market remained relatively stable, and no major events caused significant fluctuations in the exchange rate.
Note that for a more detailed and accurate analysis, we would need to consider a broader range of data and potentially take into account such factors as market opening/closing hours, weekends/holidays, the release of key financial news, and macroeconomic reports, etc. This would allow us to understand the contextual factors contributing to the observed changes in the exchange rates.