2024-04-22 Djibouti Franc News
2024-04-21
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 Trend of Exchange Rates
From the provided dataset, the overall trend of the exchange rate seems to be fluctuating, yet with a very minor increase over the period shown. There is no clear pattern indicating a steady increase or decrease over time. Instead, the DJF exchange rate oscillates around the range 0.00757 - 0.00778, without drastic changes towards a particular direction. This suggests that the exchange rate is relatively stable over the period.
2. Seasonality or Recurring Patterns
Identifying seasonality or recurring patterns in the data requires an extensive dataset that covers several years, and ideally complete cycles of seasons. However, given this dataset does not stretch out for over a year, it is quite limited to provide conclusive information on potential seasonality patterns. From an initial review of the data provided though, there does not appear to be any evident daily or weekly patterns that are repeating over the period captured in this data.
3. Outliers in the Exchange Rates
Upon reviewing the provided data, there do not appear to be any significant outliers in the exchange rates. An outlier would typically be a rate that is significantly higher or lower than what is standard for the given time period. In this dataset, all rates lie within a small range and none are drastically different from the others. This indicates a good stability in the exchange rates over the time period.
In conclusion, although the data may seem to oscillate throughout the timeframe, these oscillations are very mild and lie within a narrow range, suggesting a relatively stable and minor upward trend for the DJF exchange rate. However, to make a more concrete analysis, more data would be beneficial, especially to consider possible seasonal effects.