2024-05-21 CFA Franc BCEAO News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rate Data
First, let's clarify what the data represents. It's a time-series record of the exchange rates from a given base currency to XOF. Each row represents a different timestamp, and the XOF column represents the exchange rate at that time.
1. Understanding the Overall Trend of the Exchange Rates
The data provided indicates that the exchange rate remained stable for the period under consideration. The values in the XOF stayed largely stable, moving only between 0.00225 and 0.00226 throughout.
This near-constant exchange rate might suggest a strong and steady economy where the financial market is stable. However, additional data and factors would have to be considered for a comprehensive evaluation.
2. Identifying Seasonality or Recurring Patterns
From the data provided, there doesn't seem to be evident seasonality or any recurring pattern. The exchange rate remains remarkably stable throughout the period in question. No clear intra-day patterns or cycles are observable in the data.
While some financial data might demonstrate clear patterns or cycles tied to specific points in the day or week (such as market opening or closing times), this dataset does not show such characteristics.
3. Noting Any Outliers
In this dataset, there don't appear to be any evident outliers. The exchange rate almost exclusively hovers around 0.00225 - 0.00226, with occasional movement to 0.00227. This relatively minor fluctuation does not represent significant deviation and therefore none would be labeled as outliers based on the data given.
Given the limited variation in this dataset, all observations fall within what would be expected based on the prevailing trend noted above.
Please note that financial data is heavily influenced by a wide range of factors, many of which are not represented in this dataset. Thus, this analysis is limited only to the visible trends in the data and does not account for external factors such as market conditions, economic policies, and so on.