2024-04-29 Guinea Franc News

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.

er Two Weeks In a display of unexpected peculiarity, the exchange rate of the Guinea Franc (GNF) against a basket of major global currencies fails to budge from its initial stand—showing an unvarying level over an extended fourteen days time span. The steadiness, its interpretation, and looming implications for investors, importers and exporters are put under the microscope in this review. According to the time series data at hand, the exchange rate as of 2024-03-29 was recorded at 0.00016. Skimming through sporadic timestamps until 2024-04-26, the GNF maintained a uniform exchange point, an irregular trend, unlike the typical exchange rates that see almost daily adjustments. Economists and market analysts may interpret this steady exchange rate in various ways. Initial reaction leads to an inference of a stable and strong economy, competently balancing its inflows and outflows of goods, services, and finances to sustain a consistent currency value. Stable exchange rates traditionally inspire confidence and can generate positive knock-on effects on the investment climate as it reduces the fear of currency risks for international investors. On the flip side, a steady exchange rate might allude to a less-competitive export environment. Currency strengthening can make a country''s exports more expensive, hampering trade volume. However, in this particular case, the exchange rate has not strengthened but remained steady. The situation may allow exporters to plan their sale and procurement more proficiently, given the predictable currency exchange environment. Furthermore, central banks often use exchange rates to stabilize the economy or to achieve specific economic objectives. Thus, it''s also plausible that the steady GNF rate is a result of effective monetary policy strategies by the Guinean central bank. However, such long-lasting uniformity in exchange rates could be seen as a double-edged sword. The rate''s stagnancy over a significant duration might also cause unease among traders and investors. They could misinterpret it as a sign of low market liquidity, or worse, a possible manipulation of foreign exchange rates, even if this is not the case. In conclusion, the GNF''s unwavering exchange level is a prime example of how rate stability, in moderation, could be beneficial for economic predictability. Still, when extended over time, such stability could become a source of unease for international investors and traders. Observers and market players should closely monitor the GNF in the coming weeks for any signs of movement or official statements from the Guinean central bank to clarify the situation. For now, the steady state of GNF proves to be an intriguing case of a rarely seen currency phenomenon. Stability Reigns: GNF Exchange Rate Shows Steady Hold Over Two Weeks

Current Middle Market Exchange Rate

For information purposes only.