2024-05-22 Rwanda Franc News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Looking at the data, it's clear that the exchange rates remain remarkably stable throughout the given period. There is no discernible trend upwards or downwards. The value consistently stands at 0.00105 without deviation. This implies that the currency is stable and isn't subject to frequent fluctuation within the timespan given for this dataset.
Seasonality or Recurring Patterns
As for seasonality or recurring patterns in the changes of exchange rates, there seem to be none. Given that the exchange rate remains constant throughout the period represented in the dataset, there are no identifiable seasonal variations or recurring patterns.
Outliers Identification
Lastly, with regards to outliers, since the exchange rate for this data set is consistently 0.00105 without any variation, there are no observable outliers. An outlier in this context would be a significant deviation from the observed stable exchange rate, and no such instances exist in this dataset.
Overall, the analysis of this dataset suggests a currency with an unexpectedly stable exchange rate for the given period. This is relatively rare in a world where currencies generally fluctuate in response to various local and global economic events and news.
![Unprecedented Stability in RWF Exchange Rates Raises Eyebrows](http://currencymart.net/images/news/rwanda-franc/2024-05-22/img-I7NAPhg66P2HIhFdxCLbWDSN.webp)