2024-05-10 Guinea Franc News
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Upon analyzing the data, it becomes clear that the exchange rate remains extremely constant throughout the given time period. No noticeable increase or decrease is visible within the timeframe. The GNF exchange rate prevails at 0.00016 for all the timestamps provided. This type of pattern suggests that the currency is stable with no significant fluctuation.
Seasonality and Recurring Patterns
Given that the provided GNF exchange rate value remains stable at 0.00016 throughout, we cannot infer any seasonality or recurring patterns. In a time series data like this, varying values over time could have indicated patterns appearing at regular intervals, such as daily, weekly, or monthly. However, due to the constant value, we can't identify any seasonal effects or cyclical patterns in this particular dataset.
Noting Any Outliers
As all the provided exchange rates are identical, it can be stated that there are no outliers in this data set. An outlier would be a figure that significantly deviates from the other values. Here, no such instances are present, reinforcing the conclusion that the exchange rate is highly stable.
In the context of this analysis, it may be prudent to explore the potential causes for such stability, whether it's due to stringent economic policies, market interventions, or other financial factors influencing the exchange rate. However, it is beyond the scope of this current analysis because external factors like market opening/closing hours, weekends/holidays, and the release of key financial news and reports have not been taken into account.
Conclusion
Exhaustive study of the dataset indicates an extraordinary stable exchange rate for the GNF, with no evident trend, seasonality, or anomalies. For a comprehensive understanding, other datasets indicating market conditions, financial policies, or relevant news could be considered, subjected to the particular timeframe.