2024-05-13 Guinea Franc News
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2024-05-12
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
From analyzing the input dataset, we can draw the following observations regarding the GNF exchange rate changes based on the timestamps.
1. Overall Trend in Exchange Rates
The perusal of the dataset indicates that the exchange rates largely remain stable during the majority of the provided period. Specifically, the rate most frequently recorded is 0.00016. This implies that stability, rather than significant periods of increase or decrease, characterizes the period examined.
2. Identifying Seasonality
In terms of seasonality or recurring patterns, it is important to note that the nature of the data provided does not lend itself easily to discerning such trends. This is primarily due to the prevalent stability of the rate throughout the dataset. Even though the data spans different hours throughout the day, there is no apparent fluctuation pattern tied to specific times. Further, the rate does not seem to increase or decrease on particular days, indicating a lack of weekly seasonality. The data is quite uniform, void of any discernable seasonality or cyclical patterns.
3. Identifying Outliers
An inspection of outliers shows one interesting deviation. Specifically, the rate doubles to 0.00032 on April 16th, 2024 at 14:00:03, thus differing significantly from the otherwise stable pattern of exchange rate. However, this change is short-lived and the rate reverts back to its usual level of 0.00016 in the next recorded timestamp. Apart from this single occurrence, no other significant deviations or outliers are evident.
![Unprecedented Stability in GNF Exchange Rate Witnesses a Sudden Spike](http://currencymart.net/images/news/guinea-franc/2024-05-13/img-7tmx0ATc3gsyuGTq5W6XSau6.webp)