2024-04-17 CFP Franc News

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. Overall Trend of Exchange Rates

The overall trend of exchange rates in the dataset provided appears to be relatively stable. Over the period, the exchange rate ranges between 0.01225 and 0.01239. We can see slight fluctuations within this range, however, the rate does not significantly go beyond this range. If we look at data from the beginning to the end of the period, we find that the exchange rate started at 0.01239 and ended at 0.01239 which indicates no major overall increase or decrease during this time.

2. Seasonality or Recurring Patterns

In this dataset, there is no clear seasonality or recurring pattern in changes of the exchange rates. The fluctuations, albeit small, appear to be random rather than having a consistent pattern, such as a regular increase or decrease at certain times. This suggests that the exchange rates may be affected by many random factors and not just time-based ones.

3. Notable Outliers

Given the small range of the exchange rates in the dataset, there are no striking outliers where the exchange rate differs significantly from the overall range of 0.01225 and 0.01239. However, for the purpose of deeper analysis, we might consider points where the rate reached its maximum and minimum values as notable occurrences. The rate dipped to its lowest value of 0.01225 at '2024-04-16 06:55:02' and '2024-04-16 07:30:03' timestamp. Whereas it reached its peak of 0.01239 on several occasions, for instance at the start of the provided data - '2024-04-16 00:00:00' and towards the end - between '23:35:02' and '23:55:03' on '2024-04-16'.

ctuation The XPF exchange rate, which refers to the foreign exchange rate of the French Pacific Franc, has shown an interesting trend as of 16th April, 2024. From midnight to just shy of midnight, with almost 24 hours of meticulous observation, the rate of exchange of the XPF currency displayed significant stability amid mild fluctuation. The data begin at a nominal mark of 0.01227 at the start of the day. In the first half hour of recorded data, it displayed a micro-devaluation to 0.01226, before promptly returning to its initial value in the next quarter hour, maintaining the same for a considerable period. This rate displayed a modicum of strength during the day, even accounting for regular market volatility. A subtle increase was marked at every half-hour interval from 1:30 to 2:00, peaking to 0.01228. From here, however, we saw the exchange rate reverting back to 0.01227 and remaining stagnant for about an hour until it encountered a minor dip, and then resumed its stable state. However, the currency dropped explicitly to 0.01225 at around 7:00 and maintained this position until 7:30, when it climbed swiftly to 0.01229 within a mere 5 minutes, and gradually increased its momentum till it peaked to 0.0123 at 8:20. The XPF then maintained an attractive 0.0123 till the later part of the day. A spectacular peak, upto 0.01239, was encountered in the evening at approximately 16:50, the highest during the whole day, which it successfully maintained till 22:55 with impressive stability. The currency hence displayed high resilience against fluctuations dictating the open market trends and other economic forces. This development in the financial market is a plausible indication of the strength of French Pacific Franc in the forex market, demonstrating remarkable resistance to external market volatility. It also serves to instill a sense of confidence in investors seeking a stable currency for safer trade-offs. The stability of XPF during the 16th April, 2024, particularly amidst an era of volatile global economics, could potentially encourage international investors, enhancing trade prospects for the French Pacific regions. This continuous trend might suggest a promising future for the robustness of the XPF, marked by the surges in its valuation throughout the day. Investors and economic analysts should carefully monitor this development in the weeks to come, as it could offer intriguing insight into the behavior and trajectory of this resilient currency in uncertain global markets. The remarkable constancy of the XPF prompts a contemplation of its strength in regards to potentially forthcoming economic events and demands intensive scrutiny in upcoming financial investigations. XPF Exchange Rate Displays Remarkable Stability amid Fluctuation

Current Middle Market Exchange Rate

For information purposes only.