2024-04-29 Guinea Franc News
2024-04-28
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
Analysis of the Trend of Exchange Rates
After observing the data, it's evident that the exchange rate has been incredibly stable over time. The exchange rate started at 0.00016 and remained at this level for the vast majority of the time frame covered. However, a significant change occurred at 2024-04-16 14:00:03, when it doubled to 0.00032, but at the very next time point, 2024-04-16 16:00:02, it returned to its initial value of 0.00016, and then stayed stable until the end of the dataset. This balance indicates a lack of volatility in the exchange rates over time and doesn't show a clear increasing or decreasing trend.
Seasonality or Recurring Patterns in Exchange Rates
Based on the provided data, there doesn't seem to be any apparent seasonality or recurring patterns in the exchange rates. The exchange rate remains constant most of the time, which implies that it is independent of any specific season or time. There aren't enough fluctuations in the data to infer any meaningful recurring patterns or cycles.
Outliers in the Exchange Rates
Regarding possible outliers, the notable anomaly in this dataset is the momentary spike in the exchange rate at timestamp 2024-04-16 14:00:03 where it reached 0.00032. This instance is an outlier when compared to the overwhelming static exchange rate of 0.00016 that was prevalent throughout the rest of the time sequence.
Note that this analysis is solely based on the numerical data given and does not consider any potential external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports that could significantly impact exchange rates. Therefore, even with this outlier, it is challenging to infer causing factors from this dataset alone.
Lastly, it is important to bear in mind that this is a brief and simplified analysis. For a more detailed understanding, a more complex analysis that includes other influencing factors might be necessary. Moreover, this analysis does not provide any predictive value for future rates and is just an interpretation of the historical pattern.