2024-04-23 Guinea 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

Analysis of the Given Dataset

Upon analyzing the data provided, it quickly becomes apparent that there is an extremely stable trend in the exchange rates.

1. Overall Trend of Exchange Rates

The exchange rate value for GNF is consistent at 0.00016 throughout the given period. Consequently, there is no noticeable increase or decrease over the specified timeframe. Given this, we can say that the exchange rate is stable without any significant fluctuations.

2. Seasonality or Recurring Patterns

Since the exchange rate is consistently at 0.00016 and does not vary, it is not possible to identify any clear seasonal or recurring patterns in this dataset. However, generally, in financial data of this nature, one might look for patterns based on factors such as opening/closing of markets, special events, or changes in economic policy. Still, these factors don't seem to have any significant impact on this particular dataset.

3. Outliers in the Data

In this dataset, there are no instances where the exchange rate deviates from the 0.00016 value. As such, we can conclude that there are no outliers in this dataset based on the values provided. Any significant deviation from this consistent value of 0.00016 would be considered an outlier, but there is no such value present here.

Overall, this dataset shows a very consistent and stable set of exchange rates without any discernible fluctuations, seasonal patterns, or outliers.

ity Amid a day filled with constant financial fluctuations, the Guinean Franc (GNF) exchange rate has demonstrated forcefully a tranquilizing stability. Gain insight into an unusual situation witnessed on April 22, 2024, where the GNF exchange rate, against all odds, remained unshaken, unchanged, and undeterred in every hour of trade. From the timestamp data provided, showing the GNF rate at every five-minute interval, the consistency is beyond common market behavior. This phenomenon offers a unique spectacle where the GNF stood its ground amidst likely economic pressures. This exceptional steadiness in the data provided depicts the GNF at a consistent exchange rate of 0.00016, painting a picture of an extraordinarily stable financial atmosphere. Usually, we witness foreign exchange rates swaying during different times of the day, responding to various international and national economic triggers. However, this type of price stability over an entire day is remarkable. Such constancy speaks volumes about the financial resilience demonstrated by the Guinean economy. Factors ranging from robust fiscal and monetary policies to favorable trade activities might have contributed to this consistency. Additionally, investor confidence, reduced inflation rates, and increased foreign reserves could have played significant roles. However, a deeper macroeconomic analysis is essential to identify the actual mechanisms behind this stability. Nevertheless, the steady exchange rate may indicate strong regulation from the Central Bank and the Guinean government''s successful efforts to stabilize their currency. Grand in its financial implications, this frequency potentially indicates a stabilized economic environment conducive to fostering investor trust and attracting foreign investments. Moreover, a stable exchange rate like this reduces the risk of currency depreciation, thereby making long-term financial planning easier for businesses. It provides a predictable trading environment that is crucial for importers and exporters, fostering healthy business growth. Moving forward, market players and investors will closely follow to see whether this stability will hold over a more extended period. Analyzing the upcoming trade policies of Guinean''s central authority, global economic indicators, and political stability within the nation is vital for a more accurate prediction. This episode highlights how crucial it is to keep up with economic updates and understand their implications. As we closely monitor the performance of the Guinean Franc in the forthcoming days, stakeholders should study these indicators for better investment decision-making. In conclusion, the economic future looks promising for Guinean with such significant stability in its currency exchange rate. However, whether this is a temporary phenomenon or a long-term trend can only be revealed with time and further in-depth analysis.Unwavering GNF Exchange Rate Reinforces Financial Stability

Current Middle Market Exchange Rate

For information purposes only.