2024-04-16 Guinea Franc News
2024-04-15
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
1. Understanding overall trend
Upon analysis of the provided time series data, it was observed that the exchange rate of GNF has remained completely stable throughout the entire period presented in the dataset. Every timestamp entry from 2024-04-15 00:00:02 until 2024-04-15 23:55:02 lists the exchange rate as 0.00016. This indicates a lack of any noticeable overall trend in the data - neither an increase nor decrease in the exchange rate over time is present.
2. Identifying Seasonality
In time series data, seasonality is a regular change in shape of the data that is predictable and recurs over one-year intervals. However, similar to the overall trend, the dataset does not reveal any noticeable patterns of seasonality. This is due to the constant exchange rate value (0.00016) for the entire period. No variations appear depending on the time of day, which might have suggested "intraday" seasonality if such variations were present.
3. Noting Outliers
In statistics, an outlier is an observation that lies an abnormal distance from other values in a random sample from a population. Given the lack of variability in this dataset, there are no outliers in the exchange rates provided. Every data point is consistently at 0.00016, which shows no deviation from the average or unexpected data points.
Overall, this time series dataset suggests a remarkably stable exchange rate for GNF over the analyzed period. This lack of volatility might indicate a fixed exchange rate policy, where the currency's value is matched to the value of another single currency, to a basket of other currencies, or to another measure of value, such as gold.