2024-05-02 Comoro Franc News
2024-05-01
Summary of Yesterday
- 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
From the data provided, it seems that the exchange rates for KMF remain predominantly constant at the value of 0.00298 for the given time series. Occasionally, the rate dips to 0.00297, signalling the presence of minute fluctuations over the given period. Therefore, the overarching trend can be characterized as largely stable with slight variations.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Since the rate fluctuation is minor and the recorded changes are subtle, detecting definite patterns of seasonality within this dataset proves to be a challenge. The majority of the recorded times display a rate of 0.00298 with no clear indication of a recurring pattern based on the date or time. Thus, from the data provided, no discernible seasonality or recurring patterns can be observed.
Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
No significant outliers that deviate from the observed stable trend have been identified in this dataset. The exchange rate most frequently recorded is 0.00298, with a minor dip to 0.00297 infrequently. These subtle changes in the rate are not substantially different from the dominant trend, hence no significant outliers are noted.
Conclusively, the KMF's exchange rate remains consistently around 0.00298, showing a stable and stationary series with minute fluctuations. However, without considering external factors like market-hour differences, weekends, holidays, or essential financial news, the analysis may not be entirely comprehensive. Those factors could potentially introduce variability and dynamism into the rates.
