2024-05-20 Burundi Franc News
2024-05-19
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
1. Understanding the overall trend of the exchange rates
Looking at the values of the exchange rates provided in the dataset, it can be noticed that the rate remained stable at 0.00048 for most of the period. It then dipped slightly to 0.00047 starting from the timestamps at 2024-05-14 14:00:02 onwards. Therefore, while the exchange rate did not show any significant increase or decrease, there was a minor reduction towards the end of the period.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Since the exchange rate remains constant for much of the time period, we cannot identify any clear patterns of seasonality or recurring changes. We would typically look for consistent fluctuations in the rate over repeated time intervals as an indication of seasonality, but in this case the rate does not vary until the second half of May 2024.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
- The decrease in the exchange rate starting from 2024-05-14 14:00:02 can be considered as an outlier in this dataset. For the majority of the time series, the rate is constant at 0.00048. Hence, the rate of 0.00047, while not significantly different, is an unexpected variation.
4. External Factors
Given the request to disregard specific events or external factors such as market fluctuations, holidays, or the release of financial news, we have limited the analysis to the provided exchange rate data. In the real-world context, though, such factors could certainly affect exchange rates and may have contributed to the stability observed here as well as the later decrease.
