2024-04-26 CFA Franc BEAC News
2024-04-25
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 overall trend of the exchange rates
Upon analyzing the given dataset, it is observed that the exchange rate of XAF primarily remains stable throughout the given time period. In majority of the timestamps, the exchange rate appears to be steady at 0.00223. However, a few instances depict a slight increase to 0.00224. This suggests that there isn't a significant rise or fall in the exchange rate, but a predominantly static trend is noticeable.
2. Identifying Seasonality
Regarding seasonality or recurring patterns, the given dataset does not provide enough variance in the exchange rate to clearly identify any such patterns. The exchange rate mostly stays the same throughout different times of the day, without any noticeable fluctuation that could imply a certain trend. As such, any assertion of seasonality or recurrent trends would not be robust or substantiated with the available data.
3. Outliers
Given the consistent nature of this dataset, identifying outliers presents a bit of a challenge. If we consider the prevailing exchange rate of 0.00223 as the standard, then the instances where it increases to 0.00224 could be regarded as outliers. However, this rise in exchange rate, though infrequent, isn't substantial enough to be definitively classified as an outlier. The data remains largely congruent, without any significant deviations, throughout the period shown.