2024-05-03 CFP Franc News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
After reviewing the timeseries data for the exchange rate, it is clear to see that the rate is mostly stable throughout the dataset's period, with a slight decrease visible. The exchange rate commences at a value of 0.0123 and seems to maintain around this value for the initial portion of the data, with small peaks and dips. An important observation is the gradual decline in the rate from 0.0123 to around 0.01224.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, the dataset selected for analysis does not offer enough range to conclusively ascertain if there are any present. Generally, the rate seems to maintain a stable trend throughout the selected timeline, without clear indications of repeatable peaks or troughs that would indicate a seasonal pattern. Further analysis might be required with a more extensive dataset.
Outliers in the Data
Regarding outliers within the dataset, due to the stable nature of the exchange rate throughout the given time period, no significant instances can be confidently pinpointed as diverging substantially from the expected values.
Considerations for Future Analysis
- Future analysis might benefit from a wider dataset that spans a broader time frame, as it could reveal more details about trends and seasonality.
- Even though external factors such as market opening/closing hours, weekends/holidays, and the release of key financial news and reports are not considered in this analysis, they could potentially affect the exchange rates and thus should be considered in a more in-depth analysis.
- Due to the slight decline in rate evident in the dataset, future analysis might explore whether this trend continues, remains stable, or reverses.