2024-05-07 Sri Lanka Rupee 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

Overall Trend of the Exchange Rates

From the data provided above, we can observe that the exchange rate (LKR) has shown a high level of constancy over the duration displayed. The data shows that the exchange rate fluctuates between 0.0046 and 0.00461, showcasing a small level of variation. The general trend over this period seems to be very stable, with no large-scale increase or decrease being evident. Thus, it can be concluded that the exchange rate has largely remained steady, with only slight fluctuations occurring.

Seasonality and Recurring Patterns in Exchange Rates

Given the nature of the data provided, no clear seasonal or recurring pattern can be directly observed in the exchange rates. The rates remain fairly constant throughout the given time frame. Additional data would be needed to establish yearly or monthly patterns with higher accuracy. There are also no clear daily patterns visible in the data.

Outliers and Unexpected Variance in Exchange Rates

The dataset seems to be quite stable and no significant outliers can be noticed. There are no instances where the exchange rate differs significantly from the general trend. This observation further strengthens the viewpoint that the exchange rates have remained largely stable over the given time frame.

To summarize, the exchange rate has shown a high level of stability over the duration portrayed in the data. There are no clear seasonal patterns or significant outliers in the data, suggesting a relatively steady economic environment during this period.

s In an unexpected turn of events, the Sri Lanka Rupee (LKR) exchange rate demonstrated a remarkable steadiness throughout the past 24 hours. The currency which had earlier been subjected to the turbulences of the financial markets managed to maintain stable rates, creating a sense of calm in the midst of turbulent economic times. As our detailed time-series data shows, the LKR showed a minor fluctuation, moving between 0.00461 and 0.00460 during a substantial part of this 24-hour window - demonstrating a rare consistency in an otherwise volatile financial world. The slight variation in the exchange rate, in itself, is a testament to the strength and resilience of the LKR amidst international economic complexities. Given the unpredictability that has characterized the financial markets in the recent past, such stability is nothing short of remarkable. It hints at a possibly strong and resilient underlying economy, capable of weathering economic storms. This unusual steadiness instills a sense of confidence not only in financial institutions but also amongst investors both local and foreign. Notably, the stability began appearing early in the day, with the exchange rate holding steady at around 0.00461. But it was not until later that it made the slight drop to 0.00460, where it then maintained a persistent stability throughout the rest of the day. The uncanny consistency in the exchange rate in a volatile economic environment could be a result of various factors. It could symbolize a strong domestic economy, effective central bank interventions, or possibly the result of successful economic policies targeted at maintaining national fiscal stability. Indeed, the stability of the LKR amidst seemingly tumultuous financial time can serve as a beacon of resilience to other currencies. It might even lend to increased investor confidence in the country''s economy, as consistent currency rate is often an indicator of a solid and robust economic structure. While this pattern does not predict future behavior, today’s stability provides a bastion of calm in an otherwise stormy marketplace. It offers a breather to traders, investors, and policymakers to strategize and prepare for the future. Looking forward, it will be pertinent to keep a close eye on how the LKR exchange rate evolves in the coming days. All eyes will be on whether this stability is an anomaly or a signifier of a durable and long-term trend. As always, in a world of global interconnections and rapid changes, vigilance and preparedness remain our most reliable tools. Remarkable Stability In LKR Exchange Rates Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.