2024-04-23 Comoro Franc News
2024-04-22
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 Exchange Rates
Based on the metric exchange rates KMF (Comorian Franc) provided in the dataset for the given timestamps, the exchange rate appears to have remained broadly stable over the period shown, with a minor deviation at one or more points during the course of the 24-hour days. The majority of the observed KMF exchange rate was 0.00297, indicating a state of relative price stability. However, there is a brief period in the dataset where the exchange rate dropped to 0.00296 before returning to 0.00297. Such fluctuations, though minor, allow for potential opportunities in the foreign exchange market.
Seasonality or Recurring Patterns
Given that we are analyzing forex rates which are hypersensitive to market conditions, minor differences in values can be significant. In this dataset, a pattern emerges where the exchange rate gently switches between 0.00296 and 0.00297 without significant variation beyond these two values. Although we do not see a clear cyclic pattern associated with specific times of the day, the seemingly random switch may be linked to the opening hours of different international trading zones or factors not reflected in the dataset. However, we would need more data to establish this with certainty.
Identification of Outliers
In this dataset, an outlier can be considered as instances where rates plummet or spike unexpectedly. However, as per the data provided, such drastic movements have not been observed. The exchange rates appear uniformly distributed around the 0.00296 and 0.00297 mark, with fluctuations between these two values, hence no significant outliers could be identified. This signifies that the KMF exchange rate remained largely consistent throughout the described period.
It should be noted that while the data exhibits stability, it's always important to remember that the nature of exchange rates is inherently volatile, and they are deeply influenced by real-time events not captured in this dataset such as geopolitical shifts, economic indicators, and market sentiment.
