2024-05-06 Serbian Dinar News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Analysis of the overall trend of the exchange rates:

Over the period of this data, the general trend of the RSD exchange rate appears to fluctuate within a narrow range. While there are small increases and decreases observed, there is not a significant upward or downward trend observed over this time span. There are instances where the exchange rate increases slightly for a brief period, followed by a slight decrease, keeping the overall exchange rate relatively balanced.

2. Analysis of seasonality/recurrence in the RSD exchange rate:

Upon analysis of the data, there is no distinctly visible seasonality or recurrence in the RSD exchange rate changes. The exchange rate does not show a repeated pattern that could be linked to specific times or dates. The fluctuations observed are small and occur at seemingly random intervals. There is not a discernible pattern of e.g., daily or weekly recurring fluctuations that would suggest seasonality.

3. Identification of outliers:

There are no significant outliers or instances where the exchange rate deviates drastically from the general trend of the data series. Almost all values lie within a very confined band, showing a steady and stable exchange rate. Any minor variations in the rate are part of the natural fluctuation of currency exchange rates and do not suggest any abnormality or significant outliers.

Trend The Serbian Dinar (RSD) has shown sustained stability throughout the course of a month, despite minor fluctuations, according to the comprehensive time-series data for the period from 5th of April to 3rd May 2024. The RSD started on a solid note, at an exchange rate of 0.01254 on the first timestamp of the first observation day, 5th April. Over the course of the month, the exchange rate displayed marginal volatility before settling at a slightly improved rate of 0.01258 on the last timestamp of 3rd May 2024. While short-term variances were noted, these did not lead to a significant shift in the overall trading position of the RSD. Such gentle fluctuations in the exchange rates suggest that Serbia''s national currency seems to be experiencing a sustained period of economic tranquility. Amid global financial unpredictability led by factors such as geopolitical tensions, technological disruptions, and pandemic uncertainties, the stabilization of the RSD could be seen as a degree of confidence in Serbia''s economic policies. However, it is crucial to interpret this data meticulously. Whilst the time-series data for the given period appears to indicate overall stability, financial experts continue to monitor the performance of the RSD intricately. Although a stable exchange rate might imply economic tranquility, it is still significantly influenced by external factors such as international trade, foreign investment, and inflation rates. Furthermore, it is also important to reiterate the nature of international finance, where minor oscillations in currency rates are a common occurrence. These fluctuations might suggest several factors at work, including changes in demand and supply, variations in interest rates, or alterations in the country''s economic indicators. Peering ahead, economists are keeping a watchful eye for any emerging trends or shifts that could impact the RSD''s trading position. Whilst stability generally implies positive sentiment and is associated with low inflation and increased foreign investment, too much stability could likewise signal a lack of dynamism or growth prospects. In conclusion, even though the RSD portrayed relative stability over April, it is imperative to factor in the dynamic nature of the international finance market and the multitude of elements that can influence a currency''s exchange rates. As economic conditions evolve, understanding the underlying drivers behind these changes will remain essential. RSD Stabilizes Amidst Minor Fluctuations Over Month-long Trend

Current Middle Market Exchange Rate

For information purposes only.