2024-04-22 Comoro Franc News

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 of Exchange Rates

The dataset shows minimal fluctuation in the KMF exchange rate over the period from March 22, 2024, to April 19, 2024. The exchange rate remained stable between 0.00296 and 0.00303. The most frequent exchange rate is 0.00298, followed by 0.00299 which indicates a generally stable trend over the analyzed period.

Identification of Seasonality

Given the high frequency of the data and the relatively short duration of the period covered, identifying any seasonality or recurring patterns is rather challenging. It is notable that the minimum rate (0.00296) and the maximum rate (0.00303) happened a few times during this time period. However, exact patterns or specific seasonality in the exchange rate changes over time couldn't be definitively determined based on the provided dataset alone.

Notable Outliers

There is no evident outliers in the dataset. All the values lay within a very small range (0.00296 to 0.00303). It suggests there were no instances during this time period where the exchange rate significantly deviated from the overall stable trend.

Conclusion

In conclusion, the KMF exchange rate remained relatively stable over the course of the observed period from March 22, 2024, to April 19, 2024. There was minimal variance and no apparent outliers. The trend is generally stable, with occasional minor fluctuations.

wnward Trend In a remarkable depiction of financial steadiness, the Comorian Franc (KMF) exchange rate exhibited admirable constancy over the past month, despite a slight downward inclination identified in the latter weeks of the period. This assessment is based on a comprehensive review of the time-series data on exchange rates from March 22, 2024, to April 19, 2024. The study initiated on March 22, where the KMF exchange rate graced a consistent rate of 0.00299. Throughout the first part of the period, the data reflected an equilibrium, with sporadic fluctuations to 0.00298, quickly recovering original standing. This demonstration of stability in the financial realm is a clear indication of firm governance and robust economic strategies implanted by bankers and policymakers over time. However, events took a gradual directional shift on the morning of March 28. Observations noted a subtle dip to 0.00297, hinting towards a slow, but persistent reduced trend in the KMF exchange rate. While the impact was minute, the frequency of these occurrences grew with time. The downward trend continued to be evident through April, dropping to 0.00296, with the rate ultimately resting at 0.00297 by April 19, 2024. The financial implications of these trends are extensive. While volatility is often seen as a risk in international trade, the sustained steadiness of KMF promotes confidence amongst investors and traders alike, fostering economic growth. Conversely, the slight declining trend implies a weakening of the currency, which can raise concerns for importers but be beneficial for exporters as their products become cheaper in international markets. In the economic context, a stable currency aids in taming inflation, making economic planning easier, and helping attract foreign investment. Hence, the composure of KMF points towards positive economic health. However, the underlying decreasing trend could be an early sign of a potential future depreciation if it prolongs, which could impact pricing across different market segments and induce inflationary pressures. Looking ahead, the continuous monitoring of these rates is essential to comprehend the ongoing and future health of the economy. Economic indicators such as inflation, growth forecast, and national debt need to be factored in while interpreting such trends. A potential global market response following the ongoing trend should be on the watch for investors and policy-makers to take necessary strategic decisions. Taking it in its stride, the Comorian Franc''s resilience amidst subtle weakening calls for cautious optimism and enforce rigorous financial measures necessary to sustain the current balance, ensuring any further downward movements are mitigated effectively. Economic preventative steps coupled with statistical vigilance can help navigate this situation, keeping the economic ship steady in turbulent waters.KMF Exchange Rate Shows Notable Stability with Slight Downward Trend

Current Middle Market Exchange Rate

For information purposes only.