2024-05-22 Burundi Franc News

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

Analyzing the dataset you provided, which records the exchange rates from 00:00:02 to 23:55:02 on May 21, 2024, the trouble-free signification to acknowledge initially is that the exchange rates appear rather consistent and stable. Most of the day, the exchange rate impressively stays at 0.00048 right up until about 06:20:02, where there's a slight decrease to 0.00047. This is a very subtle drop, which might not account for a substantial difference, nonetheless, it is a noticeable change. It continues at this level right until the end of the day, with a slight flicker up to 0.00048 a few times after 22:45:02. Therefore, the chief discernable trend in the data provided is that the exchange rates endure mostly stable, with a slight decrease partway through the day.

Seasonal/Recurring Patterns

Now, in terms of recurring patterns or seasonal trends - it's tough to detail if there are any evident seasonal trends from only a single day's data. There isn't a clear pattern of fluctuation during this day. The rate drop occurred at no obvious 'turning point' of the day, like market opening or end of a trading session. Further, we cannot mark any patterns related to the time of the day, as the drop occurs substantially through the day, and the rate views to stay stable before and after this drop.

Outliers

Considering the dataset, there doesn't appear to be any significant outliers. All the data points lie within a very narrow range of 0.00047 to 0.00048, and any fluctuations within this range could be viewed as minor and relatively insignificant. However, the "outliers", if we can call them so, would be the few instances post-22:45:02 when the exchange rate rises back to 0.00048 briefly, against the trend established after 06:20:02.

ours The Burundian Franc (BIF) exchange rates appear to be stuck in an elongated period of steadiness, a rare phenomenon in the typically fluctuating currency market, as the 21st of May, 2024, financial data reveals. According to the comprehensive dataset, throughout most of the day, the BIF exchange rate stayed solidly at 0.00048. It started at precisely 00:00:02 and remained unbroken until 06:10:02. This remarkable consistency is an unusual event for a currency, which typically alters throughout the day based on a variety of economic and geopolitical factors. Nonetheless, more still, after a tiny dip to 0.00047 by 06:25:02, the BIF managed to ascend back to 0.00048 by 07:35:03 and maintained this level once again until the timestamp of 09:55:03. Economic experts are probing into this atypical occurrence. International exchange markets are dynamic environments, with rates susceptible to various factors, such as inflation, interest rates, and geopolitical events. Seeing an exchange rate react like ours has earlier is unmistakably out of the ordinary. However, a critical point of note is the subsequent minor dip to 0.00047 that occurred from 10:10:02, lasting for most of the day until 22:45:02, when it surged back to 0.00048. This would ordinarily be unremarkable on any typical day, but taking into consideration the BIF''s previous steadiness, this late rise adds a riveting aspect to the currency''s daily picture. The cause of the BIF''s exceptional steadiness and late surge remain uncertain. Factors contributing to this could be economic policy announcements, geopolitics, or other international events which have yet to fully come to light. Analysts are looking into these potential influences and more at the moment. What is certain is that this occurrence is substantial for those in the financial sector, particularly traders, investors, and policy-makers in Burundi. Such unanticipated steadiness might have severe implications for the planning of future transactions, strategies, or policies. With the financial community abuzz and many unanswered questions, we look to industry experts and economists for a deeper analysis in the coming days. A possible impact on the market, economy, or even specific sectors remains to be seen. However, financial stakeholders should brace for potential volatility in the currency market. Experts advise the market to remain watchful and prepared, especially as more data will come in the following days, potentially bringing more significant shifts or maintaining the BIF''s newly-found steadiness. The immediate future of the BIF remains an open question, providing a riveting testament to the continuous unpredictability of financial markets. Unwavering BIF Exchange Rates Persist for Consecutive Hours

Current Middle Market Exchange Rate

For information purposes only.