2024-05-13 Congolese Franc News
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Exchange Rate Trend Analysis
The overall trend of the exchange rates between April 12, 2024, and May 10, 2024, seems to be relatively stable. Throughout this period, the exchange rate is predominantly at 0.00049, with only slight fluctuations on April 16, where the rate increased temporarily to 0.0005. However, this rise was short-lived, and the rate returned to 0.00049 quickly. This constant rate suggests minimal volatility in the CDF exchange market within the provided data set's duration.
2. Seasonality or Recurring Patterns Evaluation
When considering the hourly time intervals provided in the data, there appears to be no clear seasonality or recurring patterns for the exchange rates. The data does not showcase any repeated increases or decreases in exchange rates at certain specific time intervals or days of the week. This lack of variation suggests the absence of cyclical trends that might be caused by habitual market behaviors. Further analysis is required for a more comprehensive view, preferably with more historical data or more granular time series data.
3. Identification of Outliers
Outliers in a dataset are extreme values that deviate significantly from other observations. In this dataset, the presence of outliers is hard to identify due to the lack of variability. Nonetheless, one would argue that the instances where the rate increased to 0.0005 on April 16 could be seen as minor outliers, as they significantly deviate from the common rate 0.00049. This observation is dependent on the level of precision considered in the analysis, as the deviation is minimal.
In Conclusion
The provided time series data consisting of exchange rates from April 12 to May 10, 2024, showcases a predominantly stable trend. There is an absence of noticeable seasonality or recurring patterns at the hourly intervals provided. The exchange rate remains predominately at 0.00049, with a minor, brief increase uncovered on April 16. These findings should be validated with additional historical or more granular data for increased accuracy.
