2024-04-19 Guinea Franc News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis:
The dataset provided consists of timestamps along with their corresponding exchange rates (GNF). The dataset provides an insight into changes in the GNF value over a certain period. Based on the data interpretations, we can come to the following conclusions:
1. Understanding the overall trend of exchange rates:
The dataset reveals that the exchange rate has been consistent over the given period. There doesn't appear to be an increase or decrease in the rate, and it has remained stable at 0.00016 throughout. This indicates a period of stability without any substantial changes in the exchange rate.
2. Identifying any seasonality or recurring patterns:
Since the rate remains constant at 0.00016 throughout the period, there is no observable seasonal pattern or recurring trend in the dataset. The constancy in the data set might be either a characteristic of the data or could be that the time span of the data provided is too short to identify any seasonal variation or cyclic pattern.
3. Noting any outliers or instances where the exchange rate differs:
Given the data, there appear to be no outliers. All data points are at the same rate of 0.00016. Therefore, there are no instances where the exchange rate differs from this value.
In conclusion, the data show a constant exchange rate for the particular time frame considered. However, as with all analyses, the findings are specific to the data provided and may not represent a broader trend or future performance.
Important Note: This analysis did not take into account any external factors that can influence exchange rates such as macroeconomic events, market news, political developments, opening and closing of markets or weekends/holidays.