2024-05-09 Rwanda Franc News
2024-05-08
Summary of Yesterday
- 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 exchange rates
Upon analyzing this dataset, it is observed that there are two distinct values of RWF exchange rates present, specifically 0.00105 and 0.00106. However, the majority of the timestamps contain the same RWF rate of 0.00105 within the first twenty-one hours from midnight. It is not until 06:25:02, that the exchange rate begins to slightly increase to 0.00106, and it remains constant at this later value until the end of the day. This illustrates a general stability in the exchange rate with a very minor increase halfway through the observed period.
Identifying Seasonality or Recurring Patterns
As for seasonality or recurring patterns, the available data does not provide enough variances or periods to determine any tangible seasonality. However, from the single day data provided, it is noticable that the exchange rate increase occurred early in the morning at approximately 06:25:02. This could suggest a possible daily circular pattern where the exchange rate slightly increases during early morning hours, but more data would be needed to affirm this pattern.
Noting any Outliers
In terms of outliers, given the consistency and general stability of the exchange rates in this dataset, there doesn't appear to be any significant outliers or deviations. The switch from one exchange rate value to the other at the specific timestamp is consistent with the overall observed trend and, therefore, cannot be classified as an unexpected deviation or outlier.
In conclusion, the available time-series dataset suggests an overall stable RWF exchange rate across the timestamps, with a minute increment that takes place during the early morning of the day. Identifying any specific seasonal patterns or outliers would require more diverse and extended time series data.