2024-04-26 Rwanda Franc News
2024-04-25
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.