2024-05-17 Burundi Franc News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Upon analyzing the dataset you are specifically provided, here are the conclusions:
1. Understanding the Overall Trend of Exchange Rates
The dataset shows a consistent BIF exchange rate of 0.00048 until 2024-05-16 07:25:03. After this timestamp, the exchange rate slightly decreased to 0.00047 where it generally remained stable. Thus, the overall trend does lean towards stability, only observing a minor decrease halfway through the dataset.
2. Identifying Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, the dataset does not provide evidence for such. This might be due to the constant nature of the BIF exchange rate data observed, which is point 0.00048 for the first half and 0.00047 for the second half. There were no recognizable patterns in fluctuations or time-based changes, so it can be concluded that the development of rates was rather static for these observations.
3. Noting Outliers
The whole set of data appears to be quite stable, with no particular outliers observed. There was a slight fluctuation where the BIF dropped from 0.00048 to 0.00047 but considering the very minor difference and the consistency of the new rate afterwards, this would not be classified as an important outlier or a significant deviation from what would be expected based on the trend. Therefore, a common trend maintained, and no anomalous data points detected.
In conclusion, for this dataset, the BIF exchange rate shows a high level of stability. Even though a minor decrease is noticed, the rate is then stable again. Bear in mind that this analysis does not show any seasonality or external influences from factors like market hours or major financial news. This is simply a clear analysis of the dataset provided.
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