Unwavering DJF Exchange Rate Exhibits Stellar Stability in Turbulent Times
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the exchange rates
Based on the data provided, the exchange rates appear to be relatively stable. The rate starts at 0.0077 and ends at 0.00772, signifying a very slight increase over time. There do not seem to be sharp increases or decreases suggesting high volatility. Therefore, we can infer that the overall trend indicates stability.
Seasonality or Recurring Patterns
Form the provided data, there doesn't appear to be a clear pattern or seasonality in the changes of the exchange rates. The values fluctuate within a very narrow range that suggests the absence of any obvious seasonal patterns. Given a more extended dataset, further time-series analysis methodologies can be applied to gain a more precise outlook.
Noting any outliers
The exchange rate range narrows between 0.00768 to 0.00772, with no significant deviances observed. The variation in the exchange rate is minute and does not signify any significant outliers. Therefore, there are no instances where the exchange rate differs exceptionally from the stable trend identified above.
It is worth mentioning that this analysis does not consider other distinct factors. Considering other external elements such as market opening/closing hours, weekends/holidays, or the release of crucial financial news and reports may lead to different insights and interpretations of the data.
![Unwavering DJF Exchange Rate Exhibits Stellar Stability in Turbulent Times](http://currencymart.net/images/news/djibouti-franc/2024-05-10/img-259kCCuhngtpP3ogeciXBKxb.webp)