2024-05-21 Djibouti Franc News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend

Inspecting the provided timestamp data, it appears that the exchange rate (DJF) has a fairly stable situation up until 06:20:02 on 2024-05-20 where the value decreases to 0.00765. From there, the dataset experiences minor fluctuations but generally remains consistent until 13:10:03 on the same day where it increases to 0.00767. The value peaks here and returns to 0.00765 from 19:05:03. After that and for the remainder of the given dataset, the values fluctuate between these two peak points with more time spent at the 0.00765 value indicating a stable trend with minor periodic fluctuations.

Seasonality or Recurring Patterns

While the dataset does follow a generally stable trend, there are clear patterns of minor fluctuations that occur at specific points in time. The notable periods include an initial drop in the rate from 0.00767 to 0.00764 at 06:25:02 and the subsequent recovery to its original peak at 08:15:02 on the same day. Besides this, the data also sees another very similar drop in value at 19:05:03 and regains its peak within relatively the same time frame as seen earlier in the dataset. This implies a recurring pattern centering around these timestamp zones within the dataset.

Outliers and Significant Deviations

As the exchange rates fluctuate very little and remain within a very small range of 0.00763 to 0.00767, identifying distinct outliers becomes a challenge. However, there is a slight decrease at 09:10:03 where the value drops to its lowest at 0.00763 which stands out among the neighboring values. These small changes are significant in terms of exchange rates and therefore this drop is noted as a significant deviation within the dataset.

May 20, 2024 -- In the ever-changing world of global finance, the exchange rate of the Djibouti Franc (DJF) has displayed remarkable resilience against foreign currencies. Despite periods of slight fluctuation throughout the day, the value has held steady, creating a trend that calls for in-depth analysis. Starting from midnight on May 20, 2024, the exchange rate of the DJF initially remained stable, hovering at 0.00766 for the first hour. It then experienced a slight increase to 0.00767, and this rate held steady for a significant duration of the day. Market watchers noted this consistency in the DJF exchange rate, underscoring the currency''s stability amidst global economic turbulence. The minimal fluctuations that ensued later in the day were negligible, with the DJF exchange rate oscillating between 0.00767 and 0.00764. Analysts credit these minor fluctuations to normal market exercises and changes in global currency valuations. Despite these variations, the DJF managed to hold its ground, underlining the solidity of Djibouti''s monetary policy and the resilience of its economy. These results underscore the importance of Djibouti''s strategic location and its economic policies. As a vital hub for international shipping and trade, Djibouti''s economic stability has a broad influence on global exchange rates. The stability of the DJF amidst this global financial milieu underscores the effective economic management and strong economic fundamentals of the nation. Furthermore, this trend in the DJF exchange rate demonstrates an encouraging indication for investors. In the volatile world of foreign exchange trading, currency stability is a golden element. The DJF''s performance could signal the potential for a promising investment opportunity - a veritable harbinger of stability in the unpredictable sea of currency trading. Looking forward, the global financial community will be keeping a keen eye on the DJF exhange rate. While it''s difficult to predict exact future trends, the stability exhibited by the DJF is a positive signal. If Djibouti can maintain this level of stability, it could usher in new prospects for investment and growth in the nation. Traders, investors, and economic analysts should watch this area carefully for signs of continued resilience and potential opportunities. In conclusion, the slightly fluctuating but generally consistent DJF exchange rate emphasizes the robustness of Djibouti''s economy and the successful operation of its monetary policy. Regardless of how minor the fluctuations in the exchange rate have been, these movements in currency values often mirror the larger picture of a country''s economic health. This steadiness could offer new investment avenues and elevate Djibouti''s status in the global financial market.Resilience of DJF Exchange Rates Amid Fluctuations

Current Middle Market Exchange Rate

For information purposes only.