2024-05-13 Rwanda Franc News
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2024-05-12
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
1. Understanding the overall trend of the exchange rates
Based on the provided dataset, the Rwandan Franc (RWF) exchange rate showed marginal variance from 0.00105 to 0.00107 over the period. There was a negligible fluctuation in this rate, signifying a mostly stable trend with minor peaks and troughs. The range of fluctuation being small suggests relative stability in the exchange rate during the observed time period.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
The data set at hand represents a short-term period making it challenging to deduce any significant seasonal patterns. However, some minor periodic variations can be observed in the exchange rate data. There are periods when the value sticks to 0.00107, followed by times when it falls to 0.00106 and to times where it further falls to 0.00105. These fluctuations, however, are minimal and do not seem to follow a strict, repeating pattern. More longitudinal data would be required to make a conclusive statement regarding the seasonality of these exchange rates.
3. Noting any outliers
An examination of the time-series data for RWF exchange rates reveals no significant outliers. Such rates have stayed within a narrow range throughout the period of study, these include peaks and troughs that are negligible. Any significant outliers would need to be interpreted as instances where the exchange rate substantially diverges from this consistent trend, and we do not observe this in the given dataset. Thus, the data appears to be devoid of any significant outliers.
Note:
This analysis does not consider factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Instead, this is a straightforward analysis of the raw data provided, isolating the influence of such external factors.
![RWF Exchange Rates Experience Unprecedented Stability Over Three Weeks](http://currencymart.net/images/news/rwanda-franc/2024-05-13/img-DiiXTEmkwpj8M71uFEydx36r.webp)