2024-04-24 Rwanda Franc News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of the Dataset and Initial Observations
The dataset provided represents a time series of RWF exchange rates sampled at specific timestamps from April 23, 2024. There are 249 data points in the dataset spanning from 00:00:02 to 23:55:02 the same day, indicating the dataset provides us with a full day's exchange rate fluctuation.
This overall data seems to be virtually stable within the scope of this one day. The vast majority of the data points are at an exchange rate of 0.00106, with a slight decline to 0.00105 observed near the middle of the day, which then returns to 0.00106 by the end of the day. Towards the end of the day, we also see an increase to 0.00107.
Understanding Overall Trends
From the data points provided, there seems to be a slight overall decrease in the exchange rate mid-day before it starts to increase again towards the end of the day. Specifically, the exchange rate remained stable at 0.00106 for approximately half of the day before it slightly dropped to 0.00105 for some time and then moved back up to 0.00106, and later on increased to 0.00107 near the end of the day.
Identification of Seasonality
As we have only one day's worth of data, detecting significant seasonality or recurring patterns is not feasible based on this data alone. We would need multiple days, preferably across different months and years, to determine if any true seasonality exists in these exchange rates.
Outliers and Significant Deviations
The fluctuations in this data are quite small–only moving between 0.00105 and 0.00107. This suggests the presence of minimal, if any, outliers within this dataset. The magnitude of these changes also seems to be quite consistent, which indicates there are no significant unexpected variances or spikes in the exchange rates throughout this day.
The maximum deviation from the most frequent exchange rate (0.00106) is 0.00001 which may not be considered significant depending on the scale and the particular use case for this exchange rate.
We should keep in mind that the absence of significant outliers and variances in the dataset does not necessarily mean the absence of situations where the exchange rate differs from the general trend. Rather, it suggests that during this particular day, and with this particular currency pair, the market conditions were relatively stable and did not experience significant shocks.
Keep in mind that conclusions derived from this analysis may not generalize well to other days, market conditions, or currency pairs. This analysis does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports which can have significant impacts on currency exchange rates.