Steady XAF Exchange Rate An Indication of Economic Stability
2024-05-09
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
Examining the data, it appears the XAF exchange rates have remained relatively constant. Throughout the timeline shown, the exchange rate initially remains at 0.00225 until 2024-05-09 07:35:03, after which it drops slightly to 0.00224. This lower rate persists until 2024-05-09 20:40:03, when it rises back to 0.00225. The exchange rate then holds this value for the rest of the period. Thus, the overall trend for this dataset indicates stability with only minor fluctuations taken place on 2024-05-09.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Given the consistency of the exchange rates across the dataset, it's challenging to discern any clear seasonality or recurring patterns. The XAF exchange rate remained at 0.00225 for the majority of the time, with only a minor drop to 0.00224 during the day on 2024-05-09 which increased back to 0.00225 by the evening of the same day. As this pattern occurs only once, it doesn't suggest a seasonal or recurring pattern based on the provided data.
3. Noting any outliers
In the context of this dataset, an outlier would be any value that deviates significantly from 0.00225 or 0.00224 as these are the two primary exchange rates observed. However, in this dataset, there don't appear to be any outliers. All of the exchange rates listed are either 0.00225 or 0.00224, which suggests that this dataset doesn't include any significant anomalies or unexpected values.
In summary, the dataset demonstrates a largely stable XAF exchange rate with minor fluctuations on 2024-05-09. No clear recurring pattern or significant outliers can be identified.
