2024-05-06 Guinea Franc News
2024-05-05
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
1. Understanding the overall trend of the exchange rates
From the data provided, it is observed that the exchange rate remains largely constant at 0.00016 across the entire period. This implies that there is a steady trend in the exchange rates over the period. There is no evidence of generalized increase or decrease in rates.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Since the rate of 0.00016 persists throughout the period, there is an absence of noticeable variation that might suggest seasonality or recurring patterns within the dataset. This might indicate that the currency is relatively stable, or that external factors which might typically influence volatility are not having such an effect in this instance.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
There is a single exception to the otherwise constant exchange rate of 0.00016; that is, the rate of 0.00032 at 14:00:03 on the 16th of April, 2024. This instance can be considered an outlier within the dataset as it considerably deviates from the trend. This fluctuation might be indicative of a significant event at the time, severe market reaction or just an anomaly in data entry or collection. However, it's worth noting that the rate returned to its standard level of 0.00016 by the next time segment and then remained so for the rest of the periods.