2024-04-26 Rwanda Franc News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of Exchange Rates

From the provided dataset, the Rwandan Franc (RWF) exchange rate remains largely stable throughout the given time frame. The dataset spans across different timestamps of a single day (April 25, 2024), and the exchange rate of RWF is at 0.00106 for most of the time. However, there is a slight dip to 0.00105 from the timestamp "2024-04-25 13:10:03" that lasted till the timestamp "2024-04-25 20:10:02". Following that, the exchange rate returned to its previous rate of 0.00106 and maintained stability for the rest of the observed period.

Identification of Seasonality and Recurring Patterns

Given the short time span of a single day, it is challenging to identify seasonality or recurring patterns in the exchange rates. Seasonality, by definition, is the presence of variations that occur at specific regular intervals less than a year, such as weekly, monthly, or quarterly. In this context, we would need data spanning across several weeks, months, or years to accurately identify any seasonality. The data provided does not allow for a comprehensive analysis of such patterns. Therefore, within the limited range of this data, no clear seasonal or cyclical patterns can be definitively identified.

Observation of Outliers

With respect to the data provided, an 'outlier' is the small dip in exchange rate to 0.00105, occurring from the timestamp "2024-04-25 13:10:03" until "2024-04-25 20:10:02". This slight variation is an outlier considering the otherwise steady exchange rate of 0.00106 throughout the day. Nonetheless, it's important to mention that in financial markets, such slight variations are not uncommon and can be influenced by dynamic market conditions and multiple factors such as trade volumes, economic indicators, geopolitical events, among others.

/h1> In an unusual twist amidst tumultuous global markets, the Rwandan Franc (RWF) has maintained an unerring stability over an extended period from 12:00 AM to 11:59 PM on April 25, 2024. This consistent performance is of note, especially when compared with the volatility frustrating the global currency markets in recent times. This unanticipated stability of the RWF over the 24-hour period could be a beacon of stability, bespeaking several underlying economic factors. The RWF, largely unperturbed by fluctuations often instigated by external market forces, has clung tenaciously onto a 0.00106 exchange rate for the better part of this benchmark day. Interestingly, a slight drop in the exchange rate to 0.00105 was recorded between 1:10 PM and 8:00 PM. The steady Rwandan Franc could be an upshot of strong economic policies implemented by the country’s central bank, which has possibly succeeded in shielding the Franc from the often destabilizing impacts of unpredictable external factors. Rwanda''s management of its exchange rate policy, thereby, presents a template for other developing nations striving to achieve monetary stability. The quest to explain the consistency further delves into Rwanda''s broader economic performance. The microeconomic stability, fostered by judicious fiscal management and prudent economic policies, likely underscores the Franc''s admirable resilience. Undoubtedly, a rundown of Rwanda''s recent economic indicators reveals a robust economy defined by sustained growth rates, moderate inflation, and a shrinking fiscal deficit. However, this apparent stability doesn''t exist in a vacuum. It rides on the back of the country''s thriving sectors. Rwanda''s key sectors, including agriculture, manufacturing, and services, may have demonstrated a performance strong enough to bolster confidence in the economy and the Franc. Impressively, this stability is maintained despite global headwinds and domestic challenges, underlining the resilience of the Rwandan economy. Looking ahead, attention would be on subsequent exchange rate performance and the policies by Rwanda''s central bank to uphold this stability. Also, as world economies grapple with inflation and other economic issues, Rwanda''s stability will be put to the test. This steady RWF exchange rate is indeed a story to watch in the coming weeks. In conclusion, while we celebrate the RFW''s record steadfastness, it would be prudent to delve further into what Rwanda is doing right and how such successful strategies and models can be adapted in volatile economies, to engender stability in exchange rates, and by extension, economic stability and growth.Stable RWF Exchange Rate Holds Firm Despite Market Flux

Current Middle Market Exchange Rate

For information purposes only.