2024-05-15 Burundi Franc News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend
From the data provided, the past several readings of the exchange rate appear to be stable at 0.00048 except at several instances where the exchange rate slightly drops to 0.00047. This suggests that the BIF exchange rate has been consistently stagnant at this level over the observation period. It's important to note that a more in-depth analysis might reveal minor fluctuations that aren't immediately apparent in this overview.
2. Identifying seasonality or recurring patterns
The dataset does not provide enough variation for identifying any seasonal or recurring patterns. The constant value of BIF exchange rate at 0.00048 with a slight deviation to 0.00047 suggests that the rate is stable over the period with no clear cyclical patterns or significant changes that would signify seasonality.
3. Noting any outliers
The exchange rate appears to be consistently at 0.00048 for the most of the given timestamps, except for occasional instances where it drops to 0.00047. These instances could be considered as potential outliers, given that they deviate from the most frequent exchange rate. However, the change is so small it may also be within the normal variation range for this exchange rate. A more detailed statistical analysis would be required to confirm if these are indeed significant outliers.
![Sustained Stability: BIF Exchange Rate Records Unprecedented Consistency](http://currencymart.net/images/news/burundi-franc/2024-05-15/img-KmA3XZQ409ytnNBZfmjiUrHp.webp)