2024-05-01 Congolese Franc News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rate Trend
Based on the data provided, the exchange rate (CDF) appears to remain stable over the entire period. The rate consistently stays at 0.00049 without any fluctuations. This indicates an unchanging trend with no visible increases or decreases in the exchange rate. This could be due to a resilient economy, stable political landscape, or other assorted factors that ensure a constant state in the financial landscape.
Observations on Seasonality
Usually, a time-series data may have instances of seasonality, where certain trends or patterns might repeat at regular intervals. However, due to the constant exchange rate maintained throughout this dataset, there's no discernible seasonality or recurring patterns in these exchange rate changes. The data does not show any intraday, daily, weekly, or any other periodic fluctuation in the rate. This suggests that external factors affecting periodicity are having no impact on the currency.
Identifying Outliers
No outliers are identified in the dataset. An outlier would be considered as a value that deviates significantly from the other observed values. In the case of this dataset, however, all values are at 0.00049 – there is zero variation, and thus, no outliers.
External Factors Consideration
Although the prompt didn't require the consideration of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, it's essential to note that these elements typically significantly impact exchange rates. Stable exchange rates such as in this provided dataset often suggest that these factors are either not affecting the currency or the interventions (like central bank actions) are effectively maintaining the stability.