2024-05-21 Guinea Franc News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Exchange Rate Analysis
On analyzing the given data, we find that the exchange rate over this time period seems to remain uniform. The price of GNF (Guinea Franc) remains consistent at 0.00016 across the dataset. Therefore, it is conclusive that there is no ascending or descending trend visible in this dataset.
Seasonality Analysis
Typically, in time series analysis, we look for patterns or trends that repeat over a specific period indicating seasonality. However, as the exchange rate remains consistent throughout the dataset, with no fluctuations or changes, we cannot identify any seasonal patterns from this data.
Outliers Analysis
An outlier in a distribution is a number that is distant from other numbers. In this dataset, since the exchange rate remains steady at 0.00016, there are no variations from this value. Thus, we can determine that there are no outliers in this dataset.
Conclusion
In summary, the GNF exchange rate remains static at 0.00016 throughout. There is no observed trend, seasonal changes, or anomalies/outliers visible from the data provided. This consistency might reflect a stable economic period or be tied to a fixed exchange rate set by policy at the national or international level. However, to understand the underlying causes for this stability, other economic indicators or information would be necessary.
![Unwavering Stability Marks GNF Exchange Rate Performance](http://currencymart.net/images/news/guinea-franc/2024-05-21/img-qXCjLlMSZYVorm1BToEyGwoa.webp)