2024-04-22 Guinea Franc News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
The data set provided is time-series data of exchange rates (GNF) at various timestamps. The data range from 22 March 2024 to 19 April 2024. It is important to note that the analysis carried out is context-free, meaning that no external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports are taken into account.
1. Overall Trend Analysis
The overwhelming majority of the exchange rate data points sit at 0.00016. This is consistent throughout the time period in question, indicating a highly stable exchange rate. However, on 16 April 2024, there is an anomaly where the exchange rate doubles to 0.00032 - this is the only instance in the data set where the exchange rate deviates from 0.00016. Aside from this, the rates remain constant, suggesting a strong steady state without any visible increasing or decreasing trend over the given period.
2. Seasonality and Recurring Patterns
Given the very stable nature of this exchange rate data, it's challenging to identify any seasonality or recurring patterns. However, it is noteworthy that the spike to 0.00032 observed on 16 April 2024 occurs during a 14:00 timestamp. There are no recurrent fluctuations or obvious patterns associated with specific times or dates, and the rest of the rates consistently remain at 0.00016 throughout all times of the day and week. Therefore, no identifiable seasonality or regular patterns can be discerned from the provided data.
3. Outliers
The only outlier in this data set is the datapoint on 16 April 2024 at 14:00, where the exchange rate doubles to 0.00032. This is significantly different from all other data points recorded during the period of observation. All other recorded exchange rates remain consistently at 0.00016, making this singular datapoint a clear anomaly in the data set. This outlier does not follow the overwhelming prevailing stability of the exchange rate and significantly diverges from the expected rate based on the steady trend observed.