2024-05-14 Comoro Franc News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overview of the Trend

Based on the data given, the exchange rate (KMF) remained quite stable at 0.00298 for a substantial period, indicating a minimal fluctuation in the currency value. However, there are slight increases observable towards the later part of the dataset, where the exchange rate occasionally hits 0.003.

Seasonality or Recurring Patterns

After examining the dataset, there doesn't seem to be any obvious seasonality or recurring patterns in the exchange rate. The stability of the exchange rate throughout the data suggests this variable might not be highly subject to cyclical influences or regular intervals of change within this timeframe.


In terms of outliers, the exchange rate remained relatively consistent throughout the provided data range; however, there are certain points where the rate slightly differs. Specifically, it increases from 0.00298 to 0.003, which could be considered a minor outlier given the predominant stability of the data.

Concluding Remarks

The given dataset demonstrates a relatively stable exchange rate with minimal variations. It does not showcase any marked trend, noticeable seasonality, or significant outliers. However, it's also critical to note that this analysis is solely based on the given data and that external factors, such as economic events or fiscal policies, could potentially influence exchange rates significantly.

et Volatility The world of finance and trade saw yet another day of remarkable constancy on May 13, 2024, with the Komorian franc (KMF) showcasing unparalleled stability. As other markets struggled with fluctuations, the much-observed KMF exchange rate held steady, illustrating unwavering equilibrium throughout a 24-hour trading cycle. The exchange rate commenced the day at exactly 0.00298 against the benchmark currency and upheld this figure for the majority of the trading day. Data reveals that the KMF exchange rate did not deviate from this point until the late trading hours, a testament to the innate stability of this currency amid a sea of economic uncertainty. Yet, as the day neared its end, there was a slight movement. At approximately 12:55, the rate subtly yet significantly increased to 0.003. This increase may seem marginal to some, but it holds profound implications for traders operating in the financial ecosystem. The KMF stood firm at this value for several hours, barring minor fluctuations to 0.00299. This unwavering stability marks a stark contrast against the typically volatile nature of global financial markets, dominated by economic news, geopolitical shifts, and investor sentiment. That the KMF''s exchange rate can maintain its steadiness is an indicator of the inherent resilience of the Komorian economy – a signal to global investors about the stability and reliability of this often-underestimated market. What makes this more fascinating is the duration and consistency of this stable trend. The persistent evenness of the exchange rate, for over 24 hours, proposes confidence in the Core Economic Strategies (CES) deployed by the Komorian government. It exemplifies a well-managed economic system that is capable of weathering various potential global economic upheavals, making it an attractive prospect for investment and international trade. Such stability is not only a testament to strong financial governance but also an indication of the maturity of the Komorian market. The ability to maintain stability in the face of volatility underscores the robustness of the economic structure and the effectiveness of monetary policies employed by the Komorian financial authorities. Looking ahead, we anticipate that this steadfastness will pique the curiosity of investors who crave stability in jittery markets. The Komorian franc''s demonstrated consistency may very well position it as a safe harbor for anxious investors. As they continue to navigate the choppy waters of global finance, the rock-solid KMF exchange rate can be the beacon they require. While the stability of the KMF exchange rate is remarkable, market watchers and potential investors will be observing keenly for its sustainability in the coming days. As global financial markets continue to grapple with uncertainty, all eyes will be on the performance of the Komorian franc, as market participants ponder their next move amidst the global economic tumult.Unwavering Stability Marks KMF Exchange Rate amidst Market Volatility

Current Middle Market Exchange Rate

For information purposes only.