2024-04-26 Belarussian Ruble News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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  • Standard Deviation:

Trend

Overall Trend of the Exchange Rates

From the data provided, all the values for the exchange rate (BYR) are constant at 7.0E-5. This indicates that the exchange rate remains stable throughout the entire period covered by the dataset, showing no signs of either increase or decrease.

Seasonality or Recurring Patterns

As the values for the exchange rate (BYR) are constant across all timestamps, there are no apparent seasonal or recurring patterns that can be identified from this dataset based on the exchange rate alone.

Outliers in the Exchange Rates

Given the constancy of the exchange rate value throughout the timespan covered by the data provided, there are no instances where the exchange rate differs significantly from the stable value of 7.0E-5. Therefore, the assistance cannot identify any outliers in this particular dataset.

Note:

The data analysed here provides no indication of any specific events or external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. The analysis was carried out purely on the numerical fluctuations in exchange rate, and no forecast for future rates has been made.

24 Hour Cycle In a remarkable display of stability, the exchange rate of BYR (Belarusian Ruble) consistently holds its ground throughout a twenty-four-hour cycle on April 25th, 2024. The detailed review of the financial data reveals that the exchange rate maintained its value of 7.0E-5 for the entire 24 hours, a rare occurrence of unwavering consistency in the world of finance. Typically, exchange rates are highly susceptible to changes in international trade, monetary policy, and global events. In this case, however, the BYR stands as an exception by portraying a rock-solid stability that is not easily shaken by external factors. This unusual event was observed from midnight until the end of the day on April 25th, 2024, which signifies a strong marketplace confidence in BYR. This stagnation in the exchange rate values can be indicative of many underlying economic phenomena. Given the lack of fluctuation, it could suggest that the Belarusian economy could be courting a phase of surprisingly low volatility or was subject to a strict currency control policy throughout that duration. Another perspective could be that investors, traders, and financial institutions saw no significant event or information that could impact the value of BYR. In the context of the global market, this constant rate could mean that, during this period, the BYR has managed to withstand potential economic shocks or policy changes that might have affected other currencies. In uncertain times, a steady exchange rate can offer predictability and security for businesses and investors, making investment planning easier. However, while stability can positively impact market confidence, it is also essential to consider that an overly consistent exchange rate could lead to complacency. The lack of active trading and the resultant low volatility could result in reduced profits for currency traders and may discourage new participants. Looking forwards, market participants will be keenly observing whether this flat exchange rate trend of BYR continues or if it was purely the result of specific economic conditions. They will be keeping a close eye on Belarus''s economic indicators, fiscal policies, and international trade agreements, which could guide the future course of the BYR exchange rate. Likewise, any major global economic event or drastic policy shift by major economies will also be watched, as they potentially hold enough weight to disrupt any persisting exchange rate stagnation.Steady Exchange Rate of BYR Maintains Unwavering Grip in 24 Hour Cycle

Current Middle Market Exchange Rate

For information purposes only.