XAF Steady Amid Fluctuations Detailed Analysis
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates (XAF)
The overall trend over the period from the dataset seems to be quite stable. There were minimal fluctuations in the exchange rate of the XAF currency. The rate in your given dataset ranges from a minimum of 0.00222 to a maximum of 0.00226. These changes are quite minuscule which indicates overall stability in rates over the given timestamps.
Seasonality or Recurring Patterns
In the given dataset, we don't observe any clear seasonality or repetitive patterns. Exchange rates in such a short period typically do not show seasonal traits. They tend to be more random and dependent on a variety of external factors such as inflation rates, interest rates, geopolitical stability, economic performance and expectations etc. In your dataset, the lowest rate seems to be 0.00222 (occurs a few times thorough the given timestamps), while 0.00224 is appearing most frequently and seems to spontaneously repeat across the posts regardless of the time of the day or week. However, it's not enough to conclude a pattern based on these observations. More data would be required for a more accurate pattern or seasonality analysis.
Noteworthy Outliers
Given the provided dataset, no particular outliers are seen. Yes, there are slight minimal fluctuations, but no significantly high or low points that could be classified as an outlier. All the rates revolve closely around the same range. The lack of outliers indicates that the exchange rate maintained stability, and there were no major unexpected events that could drastically affect the exchange rate during the period covered by this dataset.
External Factors
While you have asked not to consider the impact of external factors such as market opening/closing times, weekends/holidays, or key financial news, it's important to note that these could significantly potentially influence the stability of exchange rates. However, the impact of external influences cannot be inferred from the provided data set alone, and would require supplemental information and analysis.