2024-04-23 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:


1. Overall Trend

From the data provided, the exchange rate for CDF between the dates of 22nd April 2024 00:00:02 to 22nd April 2024 23:55:02 shows no change. The rate remains a constant 0.00049 throughout this interval. Therefore, in the given timeframe, the exchange rate does not exhibit a noticeable increasing or decreasing trend. It remains stable.

2. Seasonality or Recurring Patterns

Due to the unchanging nature of the data within the specified period, we can't identify any particular seasonality or recurring patterns in these exchange rates. The exchange rate depicted in the dataset is flat, maintaining the same rate at all given times. Usually, time series data for such rates could show intraday patterns or weekly periodicities due to market activities. However, the provided dataset, unfortunately, does not exhibit such traits.

3. Outliers

Outliers in the dataset would be denoted as sudden and significant spikes or drops in the exchange rate, which would noticeably deviate from the surrounding data. However, in this specific dataset, no outliers are observed. The rate stays consistent at 0.00049 throughout the period under examination. Provided that this steady trend carries true across every data point, no further instances of significant change that could be labeled as 'outliers' exist within this dataset.

In conclusion, there are no conspicuous trends, patterns, or outliers in this dataset. An extended range of data or additional external financial factors might contribute to a more expanded understanding of the behaviour and patterns of this exchange rate.

lobal Economic Flux In a stark display of stability, the Congolese Franc (CDF) exchange rate has managed to maintain a constant level in the midst of fluctuating global economic conditions. Despite the constant ebb and flow experienced in other markets, the CDF has held firm, indicative of an economy that remains unfazed by the vicissitudes of time and external market dynamics. An analysis of time-stamped data, spanning a period of 24 hours on April 22, 2024, reveals the CDF exchange rate remained static at 0.00049. This consistent pattern of stability is quite an unusual phenomenon, especially at a time when the global economy is riddled with uncertainties. Traditionally, exchange rates tend to fluctuate throughout the day, responding to a plethora of factors including economic data releases, geopolitical events, and market sentiment shifts. However, the CDF''s unchanging rate signals a unique stability in this particular market. Such constancy could be indicative of underlying strength in the Congolese economy that insulates it from external market fluctuations. Alternatively, it could reflect strict foreign exchange controls implemented by policymakers to fend off potential economic shocks and maintain economic stability. The occurrence of this steadfast rate comes during a period of profound economic transformation around the world. Nations are grappling with impacts of a post-pandemic environment, including rampant inflation and unforeseen shifts in global trading patterns. Despite such complexities, the Congolese economy has shown resilience, as indicated by the consistent CDF exchange rate. It''s a testament to the solid economic framework that underpins the Congolese financial system, which appears to have absorbed external pressures effectively. This level of stability in the CDF exchange rate is not only significant for the Congolese economy, but also for international investors and traders. It offers a predictable and secure environment, a highly sought-after market characteristic in light of the global economic uncertainties. However, market watchers should not be complacent. While the current stability is laudable, it''s crucial to stay adept and vigilant to any potential shifts in the market landscape. The world economy is notoriously unpredictable, and although this type of consistency is comforting, it does not guarantee future performance. Looking ahead, the pivotal question remains how long this stability will last. With global financial markets constantly evolving and the potential for sweeping geopolitical shifts, the Congolese economic landscape may experience changes. As the global markets continue to adjust to the ever-changing economic landscape, the CDF exchange rate''s constancy might be put to the test. Whether you are an avid investor, trader, or simply an interested observer of global economics, the CDF''s steadfast performance is a storyline worth following.Unwavering Stability Grasps the CDF Exchange Rate Amid Global Economic Flux

Current Middle Market Exchange Rate

For information purposes only.