2024-05-13 CFP Franc News
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 Analysis of The Exchange Rates
By observing the data closely, we can note that the exchange rates overall have an increasing trend over most of the given period. The rate starts roughly from 0.01221 and ends at 0.01226. However, this upward trend is a very slight one as the increase is relatively small when the spread of the data is examined. This suggests that the exchange rate remains relatively stable over this time frame although it is increasing slowly. Still, one must also consider the fluctuation of the rates which might sometimes obscure this trend.
Identifying Seasonality and Recurring Patterns in the Exchange Rates
As per the given dataset, it is difficult to detect seasonality or any recurring patterns. Time-series data for financial metrics like exchange rates can often include a significant amount of "noise," or random variation, that may obscure underlying patterns. Seasonality is typically easier to detect over longer periods of time (e.g., monthly or yearly rates) and would require a more robust dataset to confirm.
Identifying Outliers
Upon observing the given dataset, there don't seem to be any major outliers, or instances where the exchange rate differs significantly from the general trend. Most exchange rates are packed tightly around the 0.0122 to 0.0123 range. If there are any outliers, they are likely to be slight and within the normal range of variation expected in this type of financial data.
Conclusion
In conclusion, although the range of these data points is tight, there is a small upward trend in these exchange rates over the given period. We also noticed that the data does not seem to contain any obvious seasonality or outliers over this time period. However, a more extended dataset would still be preferable for a more in-depth analysis and confirmation of the absence of seasonality or outliers.