2024-05-09 Comoro Franc News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Understanding the Overall Trend of Exchange Rates

Based on the given data, we see that the exchange rate for KMF remains relatively stable for the vast majority of the period covered. The KMF exchange rate begins at a value of 0.00301 and sees only minor fluctuations throughout the hours and days. There are longer sections where the price stagnates at 0.00301 and periods of fluctuation to slightly lower rates of 0.00300 and 0.00299.

Identifying Seasonality or Recurring Patterns

Upon careful analysis, it's hard to identify any clear and consistent cyclical or seasonal pattern within this dataset, due to relatively stable rate throughout the time period studied. We would require more detailed data, over a more extended period, or perhaps with a higher frequency of readings (e.g., every minute instead of every five minutes), to identify any short-term or intra-day patterns.

Noting Any Outliers

In terms of outliers, there isn't any distinct point that significantly deviates from the general pattern in this dataset. The variations that do occur, shifting from 0.00301 to mostly 0.00300 and 0.00299, are not so significant and cannot be considered as outliers as they don't differ drastically from the vast majority of the data. Also, as these slight variations recur repeatedly they appear to be part of the regular fluctuations in the exchange rate, rather than something out of the ordinary.

In summary, the KMF exchange rate over this specific period is quite stable with minor fluctuations indicating potentially normal market variability. Nonetheless, a more in-depth analysis with more data spanning over a longer duration will give more insights regarding trends, seasonality effects, and potential outliers.

stent Value The data for 8th May 2024 showed a remarkable stability in the KMF exchange rates against an undesignated currency, let''s say USD for example purposes, maintaining consistent value throughout the day. This specific currency pair kicked the day off at a rate of 0.00301 at midnight, and despite a few slight fluctuation during the course of the day, it held onto its starting position to close the day at 0.00299 by midnight. Looking at the time-stamped data, the KMF value began the day on a high-toned note, as it maintained a steady exchange rate of 0.00301 from midnight to 09:35 AM. However, it then saw a minor dip to 0.003 around 09:35 AM, which persisted until around mid-day. The KMF regained its value to 0.00301 at 13:15 PM, but it was short-lived as the value experienced another gentle dip to 0.00299 by 13:30 PM. Interestingly, the value hovered around this zone for the remainder of the day, demonstrating robust stability that characterizes a healthy economy. Such stability in a currency''s exchange rate is noteworthy especially in today''s fast-paced, volatile financial markets. It shows the strength of a country''s monetary policy and fortitude of its economy. For the uninitiated, the exchange rate of a currency is a reflection of a country''s economic health. Massive fluctuations signal turbulence and uncertainty which can lead to loss of investor confidence. On the contrary, a stable exchange rate signals economic stability and predictability, attractive traits for investors and businesses. The sustained steadiness of the KMF exchange rate throughout the day would have been cheered by traders who thrive on predictability. It means reduced risk of loss due to sudden currency devaluation and, thus, provides a favorable environment for international trade and investments. Given the resilience demonstrated, it''s essential to consider what led to this remarkable steadiness for the KMF. This could be attributed to sound monetary policies, a robust local economy, or strength in the country''s key exports sectors, amongst other possible factors. Investors, traders and businesses dealing with the KMF should watch for any political or economic events in the coming days that may affect the exchange rate. Despite the strong performance thus far, the only guarantee with financial markets is that they will continue to evolve and change. As we look to the future, we must question, Will the KMF continue to hold its ground? Or will unforeseen events usher in volatility to this seemingly stable currency? All eyes are on the upcoming economic indicators and potential geopolitical events that could swing the scale in either direction.Unwavering Steadiness: KMF Exchange Rate Maintains Consistent Value

Current Middle Market Exchange Rate

For information purposes only.