2024-04-24 CFA Franc BCEAO News
2024-04-23
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 Trend of the Exchange Rates
Based on the given data, it appears that the exchange rate remained relatively stable throughout the observed period. Dispensing with minor fluctuations, the overall trend indicates a consistent exchange rate of 0.00223. There was a minor dip to 0.00222 observed on 2024-04-23 02:35:02 and a minor rise back to 0.00223 later on but these are minute changes and might not signify a significant trend.
2. Seasonality or Recurring Patterns in the Changes of Exchange Rates
The data shows no clear indication of any seasonality or recurring patterns in the changes of exchange rates. Given that the exchange rate remained practically consistent (0.00223) throughout the entire observed period, it appears that there are no seasonal patterns that affected this rate noticeably. However, a more extended series of data would provide more insight into potentially hidden periodic variations.
3. Noting any Outliers in the Data
Considering the consistency in the exchange rate, it's hard to identify any outliers. The momentary dip to 0.00222 could be considered an irregularity, but it is hard to label it as an outlier given its close proximity to the consistent exchange rate of 0.00223. However, these minute differences might carry significant weight in high volume trading, but this is outside our current analysis.
Briefly stated, the data presents a largely consistent exchange rate with no obvious cyclical patterns or outliers. Further analysis would require a more extensive timeframe or inclusion of additional influencing factors.