2024-04-19 CFA Franc BEAC News
2024-04-18
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 Analysis
Based on the dataset provided, it appears that the XAF exchange rate has been largely stable for the entire period considered. The rates remained constant at 0.00224 for the majority of the timestamps, with minor declines to 0.00223 towards the end of the data set. This indicates a generally stable trend within this time frame.
Seasonality or Recurring Patterns
The given dataset doesn't suggest any seasonality or recurring patterns in the exchange rates, as the rate is consistent throughout. Therefore, there isn't any discernible pattern in the variation of the exchange rates. Further data over a longer period and perhaps at different granularity might provide a more clear understanding if any seasonal patterns do exist.
Outliers Identification
As for the outliers, the exchange rate typically stays at 0.00224, however, minor aberrations occur when the rate drops to 0.00223. These instances, could be considered as outliers based on this dataset. This slight variance could be due to microeconomic factors, or perhaps due to the rounding of values during data recording, although further investigation would be required to confirm this.
Overall, the XAF's stability over the given time period indicates the absence of major shifts in the economic factors influencing the exchange rate. However, a more comprehensive analysis could be performed with additional macroeconomic context or more detailed data.
