2024-05-08 Burundi Franc News
2024-05-07
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 of the Exchange Rates
An examination of the provided dataset reveals a stable exchange rate. Throughout the provided timestamps, the exchange rate remained constant at 0.00048, indicating that there were no spikes or dips in the value. As such, we can infer that the BIF exchange rate trend remains constant over the period shown in the dataset.
Seasonality or Recurring Patterns
Given the constancy of the exchange rates throughout the specified duration, it is impossible to form inferences about seasonality or recurring patterns. The BIF exchange rate doesn’t show any variations or periodic fluctuations that can be associated with seasonal variations or routine recurring patterns such as daily highs and lows or monthly trends. This status might change with more diverse data or over a longer period.
Identification of Outliers
With no fluctuations in the exchange rate over the given period, there are also no outliers in the dataset. An outlier would be a rate that departs dramatically from the majority of the values. Due to the absence of fluctuation or diverse values, no such outliers can be detected in this context.
External Factors
No provisions were made for the assessment of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Furthermore, because the exchange rate remains unchanged throughout the time series data, it is difficult to evaluate the influence of external factors on the exchange rate trends in this instance.