2024-05-13 Djibouti 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
Understanding the overall trend of the exchange rates
Following an initial analysis of the data, it is apparent that there is an overall slight upward trend of the DJF exchange rate from 0.0077 to 0.00778. However, it's worth noting that the fluctuations are fairly gradual, with some minor peaks and valleys, signifying it's not a straight linear increase. This slightly upward trend connects with economic principles, where a slow but steady increase in exchange rates is expected due to factors such as inflation.
Identifying any seasonality or recurring patterns in the changes of exchange rates
In terms of seasonality or recurring patterns in the data, it's crucial to remember that financial time series data might not demonstrate typical seasonal patterns as in retail or climate data. Nonetheless, there's a pattern where the exchange rate appears to reflect similar values on the same time interval in successive days. This suggests that there might be a diurnal pattern (i.e., daily cycle) at play, where the exchange rate goes through similar highs and lows within a day. However, this pattern is not strict and features anomalies, possibly due to external market-related factors.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
On the note of outliers, or instances where the exchange rate differs significantly from what one might expect based on the trend or seasonality, it's essential to observe that financial time-series data such as exchange rates are known for their volatility. Thus, variations, while sometimes significant, can be a natural part of the data's behavior. However, some points spike or dip more than others, which deviate somewhat from the generally quite stable trend. No prominent outliers that would suggest a major sudden shift in the exchange rate value are identified without external context.
This comprehensive analysis considers overall trends, seasonality, and possible outliers within the data. These factors are vital in understanding the behavior of time series data, such as exchange rates, but they don't substitute a thorough understanding of the market's external economic conditions. Nonetheless, they serve as a critical piece in a larger analytical puzzle.
