2024-05-15 Rwanda Franc News
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2024-05-14
Summary of Yesterday
- 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
The dataset contains exchange rates for the currency RWF recorded at five-minute intervals across a single day. The exchange rate started at 0.00105 units at 00:00:02. After a very minor fluctuation at 00:05:02 mark (0.00106), it retained a steady value of 0.00105 units for an extended period of time, indicating a stable market during this time period. Around the 03:20:02 mark, it once again increased briefly to 0.00106 units but returned to its previous steady rate of 0.00105.
It's noted that the exchange rate experienced several minute increases to 0.00106 units throughout the day, but these increases were short-lived and the rate returned to its original 0.00105 units
At the end of the recorded day at 23:55:02, the RWF exchange rate was noted at 0.00106 units. This indicates a very slight overall increase in the exchange rate over the course of the day.
2. Identifying any Seasonality or Recurring Patterns
Given that the dataset encompasses a single day's worth of data, discerning seasonality or recurring patterns is somewhat challenging. However, upon examining the data, it's seen that the RWF exchange rate demonstrated a consistent amount of fluctuation between 0.00105 and 0.00106 units. These fluctuations do not seem to follow a specific pattern. The dataset needs to be examined over a longer duration to reliably establish any seasonality or identifiable recurring patterns.
3. Noting any Outliers
Outliers refer to instances where the exchange rate differs significantly from what is expected based on the trend or seasonality. In this case, the RWF exchange rate was consistently around 0.00105 to 0.00106 units without any significant deviations or spikes, indicating low volatility. Therefore, no distinct outliers were identified in this dataset.
The absence of outliers in the given dataset likely suggests either a relatively stable economic environment during this period or relatively low trading activity. In this context, stable refers to an absence of significant news events or market changes influencing the exchange rate.
Please note: This analysis is bereft of any specific events or consideration of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
![rrency Stability: No Major Fluctuation in RWF Exchange Rate over 24 Hrs!
The world of finance woke up to a calm day on the 14th of May, 2024, as the Rwandan Franc (RWF) exhibited remarkable consistency in its exchange rate over a 24-hour trading period. Market watchers observed with surprise as the RWF exchange rate moved with no significant fluctuation, maintaining a steady range.
Starting the day at 0.00105, the RWF closed 24 hours later at 0.00106. For many, this period of stability was a welcome change considering the constant upheaval in global markets. Despite various economic factors at play that could have provoked volatility in the market, including geopolitical uncertainties and various financial indicators, the Franc](http://currencymart.net/images/news/rwanda-franc/2024-05-15/img-yC8F7RHwvOXIlOFRYq2gqi5N.webp)