2024-05-14 CFA Franc BEAC News
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2024-05-13
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
1. Understanding the overall trend of the exchange rates
From the given dataset, the exchange rate of XAF remains constant at a value of 0.00225 throughout the given period. Each timestamp, regardless of the minute or hour, bears the same value. As such, this consistent pattern suggests that the overall trend of the exchange rate is stable, with neither an increase nor a decrease over this specified period.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Given that the XAF exchange rate remains constant at 0.00225 over the period, there wouldn't be any observable seasonality or recurring patterns in the changes of exchange rates based on this data set. An assumption on recurring trends or seasonal variation in the data would be misleading as there has never been a change in the exchange rates within this specified period through which such could be deduced.
3. Noting any outliers
When viewing the dataset, no observed outliers, or instances where the exchange rate differs significantly from the normal constant rate, are identified. Every rate remains constant at 0.00225 with no incidents of them deviating from the norm. This implies that during this time period, there are no unexpected anomalies or strange occurrences in the exchange rate data that would warrant an outlier.
![Unwavering XAF Exchange Rate Demonstrates Unprecedented Stability](http://currencymart.net/images/news/cfa-franc-beac/2024-05-14/img-MhoofgMUZgdsTMma638aOImf.webp)