2024-05-06 Rwanda Franc News
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2024-05-05
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
Understanding the Overall Trend of the RWF Exchange Rates
Looking at the provided dataset, the RWF exchange rate appears to remain relatively stable over time. Although there are slight fluctuations, the exchange rate oscillates mostly around 0.00106, varying minimally between 0.00105 and 0.00107 over the entire period. The small magnitude of these changes suggests a steady trend without large increases or decreases.
Identifying Seasonality or Recurring Patterns of RWF Exchange Rates
In terms of seasonality or recurring patterns within the RWF exchange rates, it seems slightly challenging to identify a clear pattern from this data set. Because the fluctuations in the exchange rate are small, any potential daily or weekly patterns are not immediately apparent. Detailed or large-scale time-series analysis methods may be required to discover any nuanced or hidden patterns. However, at this stage, it appears that there may not be strong seasonality or recurring patterns in the data.
Noting Any Outliers in RWF Exchange Rates
After looking at the overall trend and seasonality of the provided exchange rate data, the next step is to look out for any outliers. Outliers in exchange rate data usually represent significant movements that are not aligned with the ongoing trend. In contrast to the rest of the data points, the rates of 0.00107 could potentially be considered as minor outliers since they occur less frequently. It is very important to keep in mind that these are very minor outliers and only slightly deviate from the usual rate variations.
Although these minor outliers exist, it should be noted that they do not represent any significant disruptions in the overall exchange rate trend. Therefore, these "outliers" could very well be within the normal fluctuation boundaries of the RWF exchange rate.
Summary
In conclusion, the RWF exchange rates are stable over the period shown, with only minor fluctuations. While there are not clear recurring patterns or seasonality caught in this analysis, it's still possible that they might be detected with higher granularity time series analyses. A few minor outliers were identified, but they fall within the expected normal range of fluctuation and do not appear to represent significant unexpected rate shifts.
![Exceptional Stability of Rwandan Franc Amid Slow Growth Trend](http://currencymart.net/images/news/rwanda-franc/2024-05-06/img-xDGIXQ5iOhRFRFj1qLHNipnR.webp)