2024-05-21 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:


Upon analyzing the given data, the following observations were made:

1. Overall Trend:

The overall trend of the exchange rates shows stability. The rate value oscillates between 0.00048 and 0.00049 throughout the data points, which signifies a low volatility in this context. There are no significant increases or decreases observed in the exchange rates over the period shown in this dataset.

2. Seasonality and Patterns:

There doesn't seem to be any clear seasonal or recurring pattern within these exchange rates. As the data maintains a stable range throughout all the timestamps provided, it's difficult to identify a cyclical pattern or trend in this data. It would require further analysis, possibly with more granular data, to identify any intra-day or inter-day patterns, however, the current dataset does not have sufficient degree of variations to confidently identify any patterns.

3. Outliers:

In the context of this dataset, an outlier would be any rate that significantly deviates from the observed range of 0.00048 and 0.00049. Through the analysis of the provided data points, it can be observed that there are no such outliers. All the rates remain within the stable aforementioned range.

It is also important to note that, per your instructions, this analysis did not consider any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Often, exchange rates are influenced by such factors, however, without this context, the aforementioned analysis is purely based on the values provided within the dataset. Please consider incorporating these factors for more comprehensive and accurate analyses.

Furthermore, a prediction or forecast for future rates could significantly increase the scope and utility of this analysis. However, as requested, this analysis do not include any such prediction or future forecast.

nomic Stability The Congolese Franc''s (CDF) exchange rate presented a subtle rise over the course of a day, according to recent financial data. This remarkable development happened on May 20, 2024, and offered an interesting insight into the current state of the Democratic Republic of Congo''s economy. The day started with the exchange rate lingering around 0.00048. However, a steady increase was observed at 01:00 am, bringing the rate up to 0.00049 where it consistently remained stable for the rest of the day. It is of note that exchange rates are consequential indicators of a country''s economic health. Factors such as geopolitical events, import and export levels, inflation, and economic stability can cause changes in exchange rates. But what''s so significant about a slight raise in CDF''s exchange rate, one might ask? The importance lies in the stability that the CDF maintained after its rise. The minutiae of financial markets are often hard to predict, fraught with ups and downs that can make even the most steadfast investor''s head spin. Seeing a currency maintain a stable level after a rise signals strength and resilience in the market it belongs to. From an economics perspective, a sturdy and consistently rising exchange rate, such as we''ve witnessed here with the CDF, suggests a booming economy. It might indicate that the international market is confident in the stability of Congo''s economy, leading to increased investment and subsequently, a stronger Franc. In this context, it also suggests that Congo may have substantial foreign reserves at its disposal. These reserves can be utilized effectively to manage the nation''s economy better and ensure its sustained growth. On the other hand, from an investor''s perspective, these figures could represent a safe haven for investments, stimulating further interest and investment in the Congolese market. The consistency in the exchange rate, together with the minor uptick, adds up to one promising implication - economic stability. While the increase itself was slight, sustained growth, even at a small scale, is always a positive sign. With the exchange rate holding steady at the higher rate throughout the day, it indicates a firm demand for the currency and potentially, an increased level of foreign investment. In conclusion, this daily exchange rate analysis for the CDF illustrates a healthy indication of stability in the Congolese market. Going forward, investors and market observers should keep a close eye on Africa''s economic powerhouse for potential investment opportunities and further economic development. Remember, investing is a high-stakes game of chance, but with detailed market analyses, your chances of success could significantly improve. Stay tuned for more updates in the financial world and make your each step filled with calculated confidence.Steady Rise in CDF Exchange Rates over a Day Signals Economic Stability

Current Middle Market Exchange Rate

For information purposes only.