2024-05-21 Serbian Dinar News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Data Description

The provided dataset in the form of time series contains data about the exchange rates (RSD) at different timestamps. The data starts from May 20, 2024, and ends at the same day. There is one observation every 5 minutes. The exchange rate, represented by the 'rsd' column, fluctuates between 0.01262 and 0.01265 over the course of the day.

Trend Analysis

Observing the general trend, exchange rates appears to remain relatively stable throughout the day. The values are in the very close range and no clear pattern of systematic increase or decrease can be discerned based on the provided data.

Pattern and Seasonality

Given the fact that the data spans only over a single day, it is difficult to identify any seasonal patterns or trends in terms of weeks, months, or years. However, within the day, there does not seem to be any clear pattern based on the times of the day as the exchange rate fluctuates very slightly but remain within the tight range from 0.01262 to 0.01265.

Outliers and Unexpected Observations

Considering the tight range within which the exchange rates fluctuate, it doesn't appear to be any outliers or observations that are significantly different or unexpected. The exchange rate remains within the expected bounds and doesn't illustrate any extreme changes.

General Observations

  • Data spans for only one day i.e., May 20, 2024, with records every 5 minutes.
  • The exchange rates fall within a very narrow range of 0.01262 and 0.01265, indicating stability in the rates in the given day.
  • There are no observable systematic increases or decreases, and no apparent outliers.

Conclusion

On the basis of the available data, it can be concluded that throughout the day of May 20, 2024, the exchange rate for RSD remained stable with minor fluctuations. There were no observable outliers. There was also no discernible trend or pattern in the fluctuations of the exchange rate over the course of this particular day.

started the day on 20th May 2024 with a stable standing of the RSD exchange rate, showing an impressive robustness that lasted through the day. Financial influencers and market watchers cast their gaze on events in the currency market, where the RSD demonstrated an unyielding steadiness. The day started off with the exchange rate holding steady at 0.01263. Over the course of the day, the exchange rate showed minor fluctuations within a tight range, peaking at 0.012645 before returning to its initial state. The exchange rate remained stable throughout the day, indicating a stable economic climate and a steady flow of currency exchanges in the global market. An analysis of the timestamped data showed that the exchange rate held steady at different intervals. It barely deviated from its initial value, portraying a sturdy performance in the financial market. This steadfast RSD exchange rate is likely a result of steady macroeconomic factors and market confidence in the currency. This stability in the RSD value is significant in the grand scheme of international finance as it indicates the healthiness and resilience of the Serbian economy. A steady exchange rate is not just a positive sign for investors, but it also aids in maintaining the purchasing power for consumers domestically and abroad. In an economy where fluctuations in currency value can signal volatility, the steady consistency of the RSD exchange rate promises stability and confidence to both domestic and foreign investors. Market experts are of the view that this firm and steady approach could lure more foreign investment in Serbia, strengthening the country''s economic infrastructure. Furthermore, the stability of the RSD fosters an environment for steady economic growth, possibly pointing towards healthy export and import levels, stable interest rates, and consistency in the general price level. However, as with any financial scenario, it''s never all clear skies. Any sudden changes in the Serbian or global economy, international trade policies, or geopolitical tensions could introduce volatility in the exchange rate. Financial experts advise investors to watch out for such changes and mitigate risks accordingly. Looking ahead, if the RSD exchange rate maintains its stability, it could have promising implications for Serbia''s economy. Future implications include increased foreign investments, stable import and export prices, and a stronger global financial footprint. Nevertheless, caution remains paramount, and both investors and consumers must keep an eye on domestic and international economic indicators. In conclusion, the 20th of May, 2024 was a day of remarkable unwavering stability for the RSD exchange rate. This depiction of resilience sends a positive signal to the global market about the steadiness of Serbia''s economy and its currency. How long this stability will hold, and what it will mean for Serbia and its trade partners, is a story for the future.Stable RSD Exchange Rates Hold Firm Ground

Current Middle Market Exchange Rate

For information purposes only.