2024-05-15 Seychelles Rupee 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

Based on the data provided, it's apparent that the exchange rates exhibit some fluctuations over time, yet they mostly hover around the 0.099 and 0.100 mark, with occasional dips to as low as 0.093 and as high as 0.1005. It can be inferred that while changes do occur, the overall trend of the exchange rates is fairly stable, with the value neither steadily increasing nor decreasing.

Seasonality and Patterns

In terms of seasonality or recurring patterns, the data doesn't provide a clear indication of any such occurrences. While there are some repetitions of specific exchange rates, such as 0.099, 0.100, and 0.098 series, these do not seem to follow any noticeable seasonality or pattern based on the timestamp provided. As the data seems to spot-check at every 5-minute interval, seasonal effects typically observable on a daily or monthly basis might not be detectable with this dataset.

Notable Outliers

Outliers in this data are instances where the exchange rate is significantly lower or higher than the average around 0.099 - 0.100. One notable outlier occurs around the timestamp 2024-05-14 01:00:02 to 02:30:02 where the exchange rates drop to 0.093. Another observable outlier is at the timestamp 2024-05-14 18:40:02 to 21:35:02 where the exchange rate increased significantly to around 0.100 and even slightly over.

These fluctuations in data could be attributed to a variety of factors, including market conditions, major financial announcements, geopolitical events, or market opening/closing hours, but without additional supporting information, it's challenging to accurately determine their cause.

urs Just in, exchange rates of SCR currency demonstrated significant instability in the past 24 hours. This development unfolded in the global financial stage as investors and stakeholders closely monitored the downfall and slight recovery of the currency. The value of the SCR started off steady in the initial hours of the day, with customary minor fluctuations. Users of this currency saw a sudden plunge as the clock struck one, as rates dwindled from 0.09913 to 0.09389 within minutes. Many traders expecting a steady day were caught off guard. The rates hovered around this low for a considerable amount of time, building anxiety and uncertainty among investors. Projected worries became reality when the rates fell even further nearing early afternoon, stagnant around the 0.098 - 0.099 range. A few upward bumps teased a potential recovery but failed to make much of a difference. Hopes were nearly lost until an unforeseen positive momentum took over. Right when the financial community was bracing for an economic downturn, the currency caught everybody by surprise. When the clock approached the last trading hours, a rapid surge was visible. The rates rose from 0.09827 to the comfort of 0.0991. This brought a sigh of relief to some investors, provoking discussions about a possible recovery. Analysts believe this nominal recovery was as unpredictable as the drop in exchange rates. They are warning potential investors and stakeholders about these erratic patterns, urging them not to form conclusions based on these minuscule gains. However, chances of a robust recovery were diminished when once again, the rates hit a new low for the day, stooping to 0.0978. This sudden slump stirred another round of unease in the financial community. Despite the turbulence, the day ended on a high note as the rate ultimately surged to 0.10053, marking the highest point of the day. The unpredictability of the day''s events has left investors with more questions than answers. Market experts are urging caution given the chaotic volatility of the currency. The abrupt rise and falls throughout the day suggest uncertainties in the health of the SCR economy and possibly larger economic dynamics at play. As we move ahead, market watchers and potential investors in the SCR currency are advised to stay updated. Whether this is the beginning of a stabilizing trend or an indication of further fluctuations is hard to predict. The next few days are crucial in shaping perceptions if the currency will sustain this recovery or will there be further waves of instability in its future.SCR Currency Witnesses Unstable Exchange Rate over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.