2024-05-17 Djibouti Franc News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
The dataset provided offers information about exchange rates on different timestamps. From the information provided, there's an evident stability in the DJF exchange rates over the time period displayed. For the most part, exchange rates remained in the range of 0.00764 and 0.00770. Despite minor fluctuations, there's no significant increasing or decreasing trend in the rates noticed over the period.
2. Seasonality Analysis
Even though the data provides insights for every five minutes, there does not seem to be a distinct noticeable seasonality or recurring pattern in the data within this short timeframe. Given the lack of distinct cyclical pattern, further information or a different granularity of data may be needed to accurately identify any seasonal variation that may not be visible within this timeframe.
3. Outliers Analysis
The exchange rates provided within the dataset are significantly stable, and do not appear to contain any significant outliers. The rates remained within a very narrow band for the period observed, with no spikes or dips that would be indicative of outlier values. This suggests that the market was relatively stable and that there were no extreme events that caused any significant fluctuations in the currency exchange rates during this period.
Conclusion
The exchange rates given in the dataset were on the whole stable and did not exhibit any significant overall trend or outliers. The lack of noticeable seasonality in the dataset could be due to the fact that the data is taken from a very short period of time or it could suggest that these rates do not have strong cyclical fluctuations during the day. This might change if considering a larger data set or over larger chunks of time such as weekly or monthly.
![Unwavering Stability in DJF Exchange Rates Captivates Market](http://currencymart.net/images/news/djibouti-franc/2024-05-17/img-FMOCMW2iY0Stm7d0Ym98OnIi.webp)