2024-03-12 Djibouti 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:

Trend

General Observations

From the data provided, the exchange rates follow an overall steady trend with small fluctuations. The DJF exchange rate stays relatively stable in the range from around 0.0077 to 0.00771 over the series. The maximum value in the given dataset is 0.00771 and the minimum value is 0.00768, indicating a very low volatility.

Overall Trend

Generally, the exchange rate tends to remain remarkably constant with a few minor exceptions. There is a noticeable increase from 0.0077 to 0.00771 that occurs between 04:05:01 and 06:15:02, then it stabilizes again at 0.00771. The exchange rate then decreases to 0.00768 at 09:05:02, fluctuates between 0.00768-0.00769 till 20:05:02 and then increases again to 0.00771.

Seasonality and Recurring Patterns

If we look at the timestamps more closely, it seems no specific recurring patterns based on time of day or any clear seasonality can be observed from the given dataset. We noticed that despite minute fluctuations, the change remains relatively stable throughout.

Outliers

Within the given timeframe, the value of 0.00768 could be considered as an outlier as most of the rates are between 0.0077 and 0.00771. The occurrence of 0.00768 is relatively rare and below the general range. This dip in the rate may signify an event in the market (though it's noted we're not considering specific events in this analysis).

Please note, more thorough analysis would usually require consideration of external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Such context often plays significant roles in affecting the exchange rates. But currently, based on the request, we are looking solely on the available dataset to understand the trends.
xperts The Djiboutian Franc (DJF) foreign exchange market has been undergoing an intriguing phase of persistent subtle fluctuations since the dawn of March 2024, according to the latest data. These observations give investors a new perspective to comprehend market activity on a granular scale, even though the changes might appear infinitesimal. The exchange rates remained somewhat stable, albeit fluctuating between 0.00756 and 0.00759 over the course of 11th March 2024. There was a slight shift to higher exchange rates of 0.00759 during the afternoon hours, although the cause remains unclear. Market analysts are paying close attention to these subtle shifts in the market, already filled to the brim with uncertainties. The identification of these patterns help traders make educated decisions. Nuances such as these minor fluctuations in exchange rates often go unnoticed. However, they can provide traders with valuable insight into the foreign exchange market''s rhythm and flow. It helps to predict future trends better and enables more astute decisions regarding investments, thereby potentially leading to more profitable outcomes. In the financial world, exchange rates are critical as they directly impact import and export prices. Therefore, even a slight alteration can significantly affect the economy. Given that economic circumstances are in constant flux, foreign exchange rates are of particular interest to investors who can exploit minor disparities in different countries for their benefit. Simultaneously, however, these shifts also pose a risk due to the inherent unpredictability of the financial markets. One may wonder why the rates fluctuated in such small denominations. It may seem insignificant, but seasoned analysts would argue these shifts could disrupt not only economic activities but also reflect deeper socioeconomic sentiments. This undulating trend may indeed suggest that something more significant is looming on the horizon, warranting economists’ watchful eye. External factors such as changes in International financial scenario, geopolitical developments, trade policies, and market sentiment can also influence these exchange rates. Even subtle variations can reverberate through the economy, altering the dynamics of international trade and consequently affecting Djibouti''s balance of trade. Heading forward, market analysts will continue to monitor these shifts closely, carefully assessing any potential risks and opportunities they might reveal. Investors are advised to remain vigilant, as these minor fluctuations could signify larger, looming changes in the world of finance. Ultimately, it is the understanding and interpretation of these data that will allow investors and market players to stay ahead of the game. Shift in DJF Exchange Rates Continues to Puzzle Market Experts

Current Middle Market Exchange Rate

For information purposes only.