2024-05-21 CFP Franc News

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

Overall Trend of The Exchange Rates

The overall trend of exchange rate values appears to be very stable. The value stays within the range of 0.01233 and 0.01238 throughout the period shown, without substantial increases or decreases. This suggests that during this time, the XPF exchange rate is very stable with small volatility occurring at certain points.

Seasonality or Recurring Patterns

Given the data and the consistent value ranges, there isn't clear evidence of any seasonality or recurring patterns in the dataset. The changes in exchange rates remain within a very narrow range, and don't present any discernible cyclic behaviour. Rate changes do not seem to correlate with a specific time of day or other temporal variables.

Notable Outliers

No significant outliers have been observed in this dataset. As previously noted, the exchange rate fluctuations stay within a tight range (0.01233 to 0.01238), indicating a period of stability with no significant outliers. The few instances where the rate slightly increases or decreases do not significantly deviate from the general trend and therefore cannot be considered as outliers.

024 In an impressive show of stability, the exchange rate of the Franc (XPF), showcased a steady but positive trend on May 20, 2024. Market watchers noted the subtle but apparent rise as a testament to the positive developments in economic policies and market activity. Starting the day at a rate of 0.01233, the XPF maintained a steady position throughout the initial hours of trading. However, as the market proceedings progressed, a visible increase was observed with the exchange rate hitting 0.01234, marking the beginning of its upward journey. Minor fluctuations were apparent throughout the day. However, these subtle increases in the exchange rate signify a moment of growth and steadiness for the XPF, which could be attributed to strong economic variables and market confidence. This steady rise continued throughout the day, with the XPF hitting a peak of 0.01238 in the late hours. The consistency in the rising trend is indicative of the strength the XPF has amassed, likely due to a combination of robust domestic economic indicators and supportive global market conditions. These factors have seemingly created an environment conducive to the sustained ascent of the XPF over the course of the day. Market analysts have interpreted this phenomenon as a robust sign of economic stability and a positive reflection on the performance of the financial market as a whole. The gradual but steady increase in the exchange rate represents a favourable environment for investors who stand to gain from consistent growth. In terms of market impacts, this ongoing growth trajectory of the XPF highlights the currency''s resilience. This performance potentially makes the XPF a safe investment option, radiating a less volatile outlook than more fluctuating currencies. Looking towards the future, the next critical phase worth observing is whether this upward trend will persist and stabilize, or if the XPF will experience fluctuations due to market dynamics. Market insiders will be pouring over domestic and global economic indicators to assess their potential impacts on the XPF''s future performance. In conclusion, the story of the XPF on May 20, 2024, is one of sustained growth. The occurrence has significant implications for financial stakeholders, both domestic and international. The day''s events demonstrated the robustness of the Franc and its capability of steady ascent under favorable conditions. Market participants shall be eyeing the future performance of this currency with keen interest.XPF Steady Progress Leads to Notable Growth on May 20, 2024

Current Middle Market Exchange Rate

For information purposes only.