2024-04-18 El Salvador Colon News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Analysis of SVC rate over Time

The SVC exchange rate data provided does not seem to exhibit any variation. The exchange rate remains stable at a value of 10000000 across all the time points provided in the data. Therefore, no overall trend can be inferred from this dataset.

Seasonality in SVC exchange rates

Regarding seasonality, typically we would look for consistent, repeated patterns that occur over the same intervals of time. However, since the SVC exchange rate remains the same over the entire timespan covered by the data, we can't discern any seasonality or recurring patterns.

Outliers in SVC exchange rates

Outliers are observations that lie an abnormal distance from other values in a random sample from a population. In this case, there do not appear to be any outliers, since all SVC exchange rates in this dataset are exactly the same. There is no data point that differs significantly from the rest.

Impact of External Factors

Often, exchange rates can be influenced by external factors such as opening/closing hours of markets, weekends/holidays, or release of key financial news and reports. However, as per the requirement, these external factors have not been considered in this analysis, and solely the presented data has been taken into account. Again, it must be noted that given the constancy of the SVC exchange rates across all given timestamps, any changes due to these factors wouldn't be discernible in this data.

In conclusion, given the constancy in SVC exchange rate in the provided data, no significant trends, patterns or outliers can be pointed out.

over 24 hours In the face of a rapidly evolving and unpredictable global economic landscape, the SVC exchange rate showcased a stable display over a full cycle of 24 hours. This phenomenon was observed on 17th April 2024, standing as a testament to the resilience of the SVC currency amidst potentially volatile market conditions. The SVC started the day on 17th April 2024 at a rate of 10,000,000. As the day progressed, bearings in the economic landscape did little to affect the steadiness of the SVC. Consistently maintaining its position, the SVC exchange rate evinced no changes. This uncommon stability held for the entire day, forming a perfectly flat line on the SVC exchange rate graph. This all-day performance is a rare phenomenon in the dynamic sector of finance, where currencies typically fluctuate in response to numerous macroeconomic and geopolitical factors. Yet the SVC stood as a bastion of stability. Such persistent consistency can be an indicator of multiple influences including strong economic fundamentals, market confidence, robust interventions by central banking systems, or even a combination of these factors. The level of steadfastness that the SVC currency has demonstrated could lead to potentially significant impacts on the market. For investors, such stability diminishes the risks associated with currency exchange rate fluctuations. This could result in increased foreign investment, provided other economic parameters are favorable. Moreover, for the SVC''s domestic economy, this resilience could inspire confidence among business sectors, potentially encouraging economic activity and bolstering growth. In the long run, market dynamics and other global financial parameters will dictate whether this steadiness helps build a positive economic narrative or veers towards stagnation. As we forge ahead in the financial year 2024, market participants and stakeholders should observe how this stability plays out in the face of larger economic trends. Will the SVC continue to maintain its flatline stance, or will we soon witness undulations in its performance? These are questions that only time and economic forces will unveil. Looking ahead, experts and investors should remain attentive to market indicators that could potentially disrupt this stability. The financial markets are inextricably linked to global events and macroeconomic indicators, any significant changes in the SVC rates could serve as a critical bellwether for forthcoming economic trends. In conclusion, the SVC''s unwavering performance on 17th April 2024 symbolizes a noteworthy moment in the fiscal year. It could be a harbinger of a new market phase or an aberration in the SVC''s regular performance. The unfolding financial year will undeniably shed more light on this phenomenon.Steady SVC Exchange Rates Maintains Unwavering Stability over 24 hours

Current Middle Market Exchange Rate

For information purposes only.