2024-04-30 Comoro Franc News
2024-04-29
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
Understanding the Overall Trend of the Exchange Rates
Upon examining the dataset, it appears that the exchange rate remains incredibly stable overall. The figures largely oscillate between 0.00297 and 0.00298, evident in the timestamp data provided. This consistency reflects a lack of significant shift in the value of the currency. As such, we can assume that the market has been relatively stable during this time period without any drastic climb or drop in the KMF exchange rate.
Identifying Seasonality or Recurring Patterns
Given the short time range of the data (a single day), it is challenging to identify seasonality in this context, as it often requires longer-term data (weekly, monthly or annually) to discern recurring patterns. However, there's a minor repetitive trend observable across the dataset -- the exchange rate gently fluctuates between 0.00297 and 0.00298 at irregular intervals. These fluctuations, while minor, could be due to periodic buying and selling of the currency during regular trading operations.
Noting any Outliers
Given the data provided, no apparent outliers exist, as the exchange rate consistently stayed between 0.00297 and 0.00298. There have been no instances where the exchange rate deviates significantly from these values. This uniformity indicates steady market conditions for this particular currency exchange rate on the specified date.
It's noteworthy, however, that this analysis is confined to the numerical data provided and does not account for other potentially influential external factors such as opening/closing hours of different global trading markets, holidays, or the release of pivotal financial news that could impact exchange rates. For a more robust and comprehensive interpretation, these elements would typically need to be considered.
Lastly, as per the provided instructions, no forecast for potential future rates has been produced as part of this analysis.