2024-04-16 Congolese 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:


Analysis of the Time Series Data

Based on the provided dataset, the data represents the exchange rate (CDF) recorded in different time intervals from 2024-04-15 00:00:02 to 2024-04-15 23:55:02. The exchange rate observed throughout this period remained consistent at 0.00049 with a slight rise to 0.00050 at 2024-04-15 21:35:02 and 2024-04-15 21:40:01, then it returned back to 0.00049.

1. Overall Trend

In terms of the overall trend, the exchange rate remained remarkably stable throughout the time period observed. This is highlighted by the constant exchange rate of 0.00049. Nonetheless, we observe a minute uptick to 0.00050 briefly before reverting back to the constant rate.

2. Seasonality or Recurring Patterns

Judging by the data provided, there's no evident seasonality or recurring pattern in the changes of exchange rates. The exchange rates are highly stable with only a temporary, minimal rise noted.

3. Outliers

The only noticeable divergence in this dataset is the increase in the exchange rate to 0.00050 at 2024-04-15 21:35:02 and 2024-04-15 21:40:01, which subsequently returned to its former stable rate of 0.00049. This pair of data points can be considered an outlier in the context of this dataset.

h1> In a remarkable display of steadfastness, the Congolese Franc (CDF) exchange rate has maintained a consistent performance. Data spanning several hours indicate an unvaried exchange rate, painting a picture of an uncommonly placid financial landscape. The exchange rate of 0.00049 was observed over a lengthy duration throughout April 15, 2024, starting at midnight and carrying on firm until past 23:55. This uniform exchange rate was interrupted at 21:35 when the CDF exchange rate experienced a slight uptick, reaching 0.0005. However, it promptly returned to 0.00049 by 21:45 and persisted without further diversions for the remainder of the night. This persistent stability in the exchange rate over such a sprawling timeframe is intriguing, especially when considering the notoriously volatile nature of financial markets. These observations could be symptomatic of multinational corporations executing unwavering faith in the region’s political stability and economic policies, fostering a nurturing environment for the Congolese Franc. The steadfast nature of the CDF exchange rate bears potential implications for both domestic and international stakeholders. For domestic businesses and consumers, this steady exchange rate could mean predicted costs for imported goods and decreased uncertainty, fostering an environment favorable for the planning of long-term investments. For international investors and companies, this constancy may offer a safe haven, shielding them from the stormy seas often synonymous with currency flux. Equally noteworthy is the market''s response to the deviation from the standard exchange rate at 21:35. The quick recovery to the initial rate lays bare the market''s reluctance to accept the perturbation, hinting at an in-built resilience and underlying confidence in the economic stability attracted to CDF. In terms of future implications, the outstanding query would be if this degree of stability is sustainable over a protracted period or merely a blip in the matrix. This would largely hinge on the perpetuation of the current policies, political tranquility, and market confidence. However, any drastic alterations to these facets could set off the harmony, potentially heralding a phase of unexpected volatility. As we inch forward, the CDF exchange rate''s future stance remains to be seen. It''s poignant to ascertain if CDF will stay the course of steadiness or whether the winds of change are around the corner. Regardless of the outcome, it''s undeniable that these are interesting times for the CDF and its stakeholders, as they remain poised for the unfolding of the intriguing exchange rate narrative.Unwavering Stability Marks CDF Exchange Rate Landscape

Current Middle Market Exchange Rate

For information purposes only.