2024-04-18 Congolese 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:


Overview of the Exchange Rate Trend

Looking at the dataset, the CDF exchange rate seems relatively stable, mostly ranging between 0.00049 and 0.0005. This narrow fluctuation suggests the currency remained relatively stable over the dataset's timespan. However, there are two distinct levels of the exchange rate in the dataset: an earlier period where the rate was mostly 0.0005 and a later stage where it was largely 0.00049. It is not clear from the dataset alone why there was this slight decrease in the rate and when exactly it happened.

Seasonality and Recurring Patterns

The data does not contain any clear signs of seasonality or regularly recurring patterns. The exchange rates do not seem to follow a predictable pattern understanding from timestamps concerning different times of the day or specific days. The shifts from 0.0005 to 0.00049 seem to occur irregularly and without a recurring time pattern, making it difficult to identify any seasonality using the data at hand.

Presence of Outliers

The exchange rates in the dataset are consistent without significant deviations. The prices neither spike nor drop drastically at any given point, suggesting that there are no notable outliers in this dataset. Both rates 0.0005 and 0.00049 occur repeatedly and frequently, so neither can be considered an anomaly.

Considerations not Included in the Analysis

It is important to note that this analysis is only descriptive and does not account for potential influencing factors not included in the dataset, such as market opening and closing times, weekends and holidays, news releases, economic or political events, etc. Real-world exchange rates are influenced by a vast range of factors, many of which are not reflected in this dataset. Also, no predictive analysis was performed; only previously existing data was analyzed for trends, patterns, and outliers.

There is scope to conduct more comprehensive and accurate analysis if more information relevant to the financial market becomes available or if the scope of the analysis expands to include predictive modeling.

iod The Congolese Franc''s (CDF) exchange rate exhibited stability during a 24-hour period on April 17th, 2024, according to recently collated time-series data. Regarded as a potential sign of currency stability and confidence, this consistent performance spanned the entire day, with minor fluctuations of less than 0.00001. Starting at midnight on April 17th, and for several subsequent hours, the CDF maintained a solid rate of 0.0005. Towards the early morning hours, a barely noticeable dip to 0.00049 occurred, but it was swiftly buffered by a return to its initial rate, indicating a highly resilient market. The stability of a national currency is a key economic indicator, reflecting a myriad of factors, including government economic policy, market confidence, and inflation rates. Thus, the CDF''s performance, as evidenced by the most recent data, suggests an overall positive sentiment and robust financial state within the Democratic Republic of Congo. However, the stability of a currency, while generally positive, can have a lack of debatable impact on some sectors. For importers and exporters, a stable exchange rate reduces uncertainty in transaction costs, thereby potentially boosting trade. Yet, for traders and investors engaging in Foreign Exchange (Forex), a lack of volatility can create fewer opportunities for profit based on exchange rate fluctuations. In this context, the steady performance of the CDF prompts us to look into potential underlying causes. It may result from adequate foreign exchange reserves, consistent monetary policy, or global market factors that favor stability above volatility. Moreover, it''s also crucial to pay attention to ongoing local and international economic trends that may have future implications for the CDF. Global trade tensions, changes in commodity prices, or regional political developments can all pose potential challenges or opportunities for the currency''s performance. Looking forward, potential shifts in global and local economic policies, as well as any significant changes in the Congolese economy, will be crucial to watch for. An ongoing analysis of both market performance and currency stability will provide valuable insights into Congo''s economic trajectory. In conclusion, the CDF''s 24-hour stability may be a positive sign for the Congolese economy. It provides a stable environment for economic transactions but also challenges Forex traders looking for opportunities in CDF movements. However, continuous monitoring of economic developments at home and abroad will be crucial to anticipate any future change in the currency''s trend.Stable CDF Exchange Rate Trend Observed over 24-Hour Period

Current Middle Market Exchange Rate

For information purposes only.