2024-05-14 SDR (Special Drawing Right) News

Summary of Last Month

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

Statistical Measures

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Trend

Overview of the Data and General Trend

Upon an initial assessment of the data, it appears that the data covers the exchange rates for a date in 2024. The exchange rate value indicates minor fluctuations, but the overall trend leans towards an increase. The rate started at roughly 1.80419 and ended at 1.80777, suggesting a subtle increase over the course of the day. However, there are also periods of decrease in between, so it's not a consistent upward trend.

Identification of Seasonality or Recurring Patterns

Time-series data often exhibit some degree of seasonality or recurring patterns, which would be deviations that occur at regular intervals due to seasonal factors. However, given that the data at hand comprises exchange rates within a single day, it's not possible to definitively discern any seasonality from this singular point of observation.

Outliers or Significant Deviations

Spotting outliers or significant deviations in the data involves identifying data points that significantly differ from the others. Upon reviewing the provided dataset, the one prominent anomaly that stands out occurs around the 06:20:03 timestamp. The exchange rate shoots up from approximately 1.80422 to 1.80662. This leap is quite noticeable given the otherwise gradual fluctuations in the data.

Nevertheless, due to the limited scope and time span of the data presented, these insights serve as preliminary observations. To draw more reliable and statistically sound conclusions, analysis over a more extended period would be necessary.

Please Note:

While performing the analysis, market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered as they were not provided in the data.

/h1> Leading global financial markets experienced a noticeable jolt over the past 24 hours as the Special Drawing Rights (XDR) exchange rates underwent significant fluctuation. Covering the time period from midnight to nearly the end of the trading day, recorded XDR exchange rates have shown considerable volatility. The starting rate for the observed time period was 1.80439, showing initial stability in the early morning, with the lowest drop recorded at 1.80333 around 04:10. However, the rates began steadily rising after this point, reaching a peak at 1.80857 during the 22nd hour of the day before settling at a rate of 1.80777 as the trading day ended. These recent developments have kept economists, investors, and financial analysts on their toes as they scrupulously monitor the behavior of the XDR. Given its foundational role in global exchange transactions, changes in the XDR rates have the potential to influence various sectors of the economy. An examination of the timeline reveals a rather erratic progression of the XDR rates, including some noticeable peaks and valleys. Notably, the rate breached 1.806 mark at 06:20 and maintained momentum until it nudged past the 1.808 threshold by 21:25, signaling a substantial increase within a span of just 15 hours. This fluctuation in XDR rates is significant as it presents both potential challenges and opportunities within the global financial landscape. On the one hand, instability in exchange rates can create uncertainty for investors and businesses engaged in international trade. On the flip side, such volatility can also open avenues for profit, especially for eagle-eyed investors who are adept at buying low and selling high. The XDR, used by the International Monetary Fund (IMF), is a potential alternative to other well-established currencies. Its rate is based on a basket of five currencies—Dollar, Euro, Chinese Yuan, Japanese Yen, and British Pound—making it less susceptible to individual currency fluctuations and more stable. Therefore, tracking changes in XDR can provide an insightful snapshot of overall global financial health. Going forward, market watchers and businesses with international ventures should be vigilant of the XDR movement. Though it is established as a relatively stable reserve asset, as the recent fluctuations testify, it isn''t totally immune to changes in the financial market. In essence, understanding and strategically responding to these XDR fluctuations can be a key determinant of financial success in our globally intertwined economies. Keeping an eye on the trends can offer valuable foresight into the prospective financial shifts and equip individuals and firms to make well-informed decisions.Significant Fluctuation Witnessed in XDR Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.