2024-05-16 Djibouti Franc News

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Follow Djibouti Franc Forecast May 16, 2024
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Summary of Yesterday

  • 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

Based on the dataset provided, the DJF exchange rate appears to be relatively stable throughout this period. It starts at 0.00768 on May 15, 2024, at 00:00 hrs, gently decreasing to 0.00767 over the next two hours. From 01:20 hrs, there's a fluctuation between 0.00767 and 0.00768 for about 90 minutes, after which it settles at 0.00767 for an extensive period. Towards the later hours of the day, starting around 06:25 hrs, the rate slightly decreases to 0.00766 and reaches its lowest at 0.00764 at 07:35 hrs, and resides in the range of 0.00764 to 0.00765 until around 14:15 hrs. Then the rate starts to elegantly rise back to 0.00766 and levitates around that number until 20:15 hrs where it jumps to the initial value of 0.00768. It eventually rises to its highest of 0.00769 at 20:40 hrs and maintains that rate until the end of the day at 23:55 hrs. Therefore, despite some hourly fluctuations, the overall trend seems to be relatively stable with minor ups and downs.

Seasonality or Recurring Patterns

For the period in question, there isn't a clear seasonality or recurring pattern in the dataset. However, the general pattern seems to show a slight decrease in rate early in the day, followed by a return to initial levels and a slight increase towards the latter part of the day. This might indicate some daily patterns if it persists over several days, but a longer timeframe would be needed to confirm any such seasonality.

Identifying Outliers

With respect to the dataset provided, no major outliers are detected. The variance of the exchange rate, while perceptible, is not excessively large in the context of the overall rate values. The minor fluctuations that occur are within a reasonable and acceptable range, suggesting a relative balance in the exchange rate during this period.

Please note that although these conclusions are based on the data provided, they may vary with different time periods, currencies, or in response to major economic events.

urs In an intriguing display of market resilience, the Djiboutian Franc (DJF) exchange rate showcased an impressive stability over a 24-hour period on May 15, 2024. This level of steadiness in a financial market is a key indicator of a sustainable and mature economy. At exactly 12:00 AM on May 15, 2024, the exchange rate of DJF opened at 0.00768. It continued to oscillate gently between 0.00767 and 0.00768 for the first few hours of the day. However, at 1:00 AM, there was a slight decrease in the value, with the DJF exchange rate dropping to 0.00767 and it maintained this level for the rest of the early morning hours. This slight dip in the exchange rate aroused a wave of speculation among Forex traders and investors, as the currency appeared to be adopting a lower stable point. However, at 6:25 AM the exchange rate dropped slightly to 0.00766. It maintained at around this level until about 7:34 AM when it dipped even further to 0.00764. Although these shifts were slight, they are significant in the world of Forex trading where fortunes can be made or lost due to the finest of margins. Trading activities in the afternoon session were characterized by minor fluctuations. Between 2:20 PM and 2:55 PM there was a significant increase in the value of the DJF, climbing to 0.00768. This positive trend lasted till 3:10 PM, after which the exchange rate stabilized back at 0.00767 for the next couple of hours. Around 8:00 PM, an interesting pattern emerged. The exchange rate started to climb slightly, reaching 0.00769. This interesting upward trend lasted until the end of the day, closing at 0.00769 at 11:55 PM. While the exact reasons behind these shifts are complex and multifaceted, it''s clear that various global events and market activities on that particular day had a significant impact on the perceived value and trading activities surrounding the DJF. So what does this mean for investors and the broader global market? Firstly, it emphasizes the resilience and stability of the DJF that is a positive sign for international investors. Secondly, these subtle market dynamics provide a rich opportunity for Forex traders to demonstrate their skills and expertise. As we delve into the future, all eyes rest firmly on the upcoming performance of the DJF; watching for any future patterns which may be about to emerge. While minor fluctuations can be expected, the robustness witnessed in this 24-hour window certainly suggests underlying strength in the economy and provides valuable insights for future trading activities. Unveiling the Stability in DJF Exchange Rate Over 24 Hours

Current Middle Market Exchange Rate

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