2024-05-14 Rwanda Franc News
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2024-05-13
Summary of Last Month
- 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
Upon reviewing the dataset, the RWF exchange rate remained constant at 0.00105 for almost all timestamps provided. However, there was a slight increase to 0.00106 observed around 21:25:02 on May 13, 2024, which lasted until approximately 22:20:02 on the same day. Despite this temporary increase, the exchange rate reverted to 0.00105 at 22:25:02 and remained at this level for the rest of the period documented in the dataset.
Identifying Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, the constant exchange rate of 0.00105 throughout the significant proportion of the dataset suggests a consistent trend with no apparent cyclic variation within this time frame. Despite the slight, temporary uptick to 0.00106, this does not seem to represent a recurring pattern based on the data provided.
Noting Any Outliers
The notable outliers in this data occur between the times of 21:25:02 and 22:20:02 on May 13, 2024, when the exchange rate increased to 0.00106. These points are significantly different from the otherwise constant rate of 0.00105. However, as the rate returned to 0.00105 after 22:25:02 and remained stable, these can be considered as temporary fluctuations, not a sustained shift in the exchange rate.
It's important to note that this data analysis is based on the provided dataset only and does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Therefore, while the noted fluctuations are outliers within this dataset, they may not represent uncommon or unexpected changes in the broader context of financial market operations.
![Stability Reigns Supreme: RWF Maintains Consistency Against Odds](http://currencymart.net/images/news/rwanda-franc/2024-05-14/img-1YMvUUmBKEWc1ka8wRiUaUwD.webp)