2024-05-01 Serbian Dinar News

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

Based on the data given, it appears that the exchange rates for RSD have been relatively stable on 2024-04-30. The value fluctuates between 0.01251 and 0.01257, signifying that there were very slight increases in value but not significant enough to establish a clear upward or downward trend. As such, we can say that for the date in question, the currency's value upheld a steady trend with minimal fluctuations.

Seasonality or Recurring Patterns

Regarding seasonal patterns, data has been provided only for a single day. This limits the possibility to track any noticeable seasonal trends in the dataset as typically seasonality involves a longer timeframe over months or quarters. Moreover, within the day of the data, there's no strong indication of intraday cyclical trend based on the given data.

Identification of Outliers

When thoroughly examining the dataset, the exchange rate doesn't show any significant deviations or outliers. All data points seem to orbit a very confined range, which signifies a lack of any notable discrepancies. Therefore, there's no indication of any outliers in the given dataset.

Please note that the results of this analysis might be influenced by factors excluded from the scope. External factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports could potentially cause fluctuations in exchange rates, however, these have not been accounted for in this current analysis.

Stability Throughout April The RSD exchange rate exhibited minor fluctuations but largely maintained an impressive level of stability throughout April 2024. This information is based on a detailed analysis of a dataset, which provides time-stamped changes in the exchange rates of RSD at different times throughout the month-long period. At the beginning of the month, we observed that the RSD exchange rate was stable at 0.01251. The rate gently wavered between 0.01251 and 0.01252 for most part of the day before finally recording a substantial increase at 04:10 AM, when it rose to 0.01254. Throughout the majority of the month, the RSD exchange rate firmly stayed in the range of 0.01254 to 0.01255, indicating a trend towards stability. The minor variations around this range were notably infrequent and did not indicate any major market volatility. Despite the fluctuations, April 30 notably experienced the highest exchange rates, reaching 0.01257 at 08:50 AM. The rest of the day saw minor fluctuations but the relative stability was maintained. This impressive stability in the RSD exchange rates throughout the month demonstrates the strength and resilience of the financial system amidst challenging global economic conditions. The lack of major volatility also signifies investor confidence in the economic environment and points to effective macroeconomic policies. However, these minor fluctuations, even within a stable environment, can have significant implications for both domestic and international traders. Changes in exchange rates can affect competitiveness of exports and imports, create or decrease investment opportunities, and influence decisions on market entry or exit. In an interconnected global economy, maintaining exchange rate stability is seen as a key indicator of a country''s economic health and can greatly influence foreign investors'' trust and confidence in the economy. Looking ahead, investors and economists will be keen to see if this level of stability can be maintained in the coming months. Due to the potential implications on trade and investment, ongoing monitoring of RSD''s exchange rate will be crucial. Moreover, it is important to consider potential macroeconomic factors that could introduce greater volatility in the exchange rate. These can range from changes in interest rates and inflation to political uncertainties and global economic developments. In conclusion, while the RSD has shown strong stability in April 2024, it remains crucial for investors, importers, exporters, and economists to stay informed on the fluctuations and trends that may impact the economy.RSD Exchange Rate Observes Minute Fluctuations Amid Firm Stability Throughout April

Current Middle Market Exchange Rate

For information purposes only.