2024-04-18 Sudanese Pound 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

Analysis of Exchange Rates (SDG)

This dataset presents time-series data for the SDG exchange rate on 17th April 2024. This data is recorded in intervals of about 5 minutes, showing the fluctuations in the SDG exchange rate throughout the day.

Overall Trend

The overall exchange rate of the SDG seems relatively stable over the period shown. In the beginning, it maintains a steady figure of 0.00236 for most of the day. There is a slight change to 0.00235 around 08:30, indicating a very minimal decrease. The rate then alternates between the values of 0.00236 and 0.00235 for the rest of the day. In conclusion, there is no pronounced increase or decrease in the rates. This suggests a rather stable overall trend.

Seasonality or Recurring Patterns

In terms of recurring patterns or seasonality, since the dataset only represents a single day's worth of data, it is not possible to establish a concrete seasonal trend. Consolidating data over a more extended period is required to identify patterns such as weekly or monthly trends.

Outliers

Considering the uniformity in values, the dataset does not appear to contain any significant outliers. Any fluctuations in the rate are minor and lie very close to each other, without any significant unexpected spikes or reductions that would identify them as outliers.

In summary, the dataset showing SDG exchange rates for 17th April 2024 reveals a stable trend with very minor fluctuations and no discernible outliers. However, any determination of seasonality or recurring patterns would require comparison with a more extensive time period.

an extraordinary turn of events, the exchange rate of SDG (Sudanese Pound) has shown extreme stability over a 24 hour period on April 17, 2024. Usually volatile and subject to frequent fluctuations, the SDG has remained in the 0.00235 to 0.00236 range throughout the entire day, according to a dataset recently made accessible. This constancy is uncommon, making the phenomenon a point of genuine interest amongst financial analysts around the world. Historically, exchange rates are very fluid, changing every minute due to a multitude of variables like inflation rates, political unrest, economics performance, financial market speculation, and more. Therefore, a stable rate over a consistent period, especially one extending for 24 hours, is indeed an anomaly. Is there something different happening in Sudan or the world economy influencing the SDG''s startling steadfastness? Factors contributing to this abnormal calm wave in the SDG market are yet to be diagnosed accurately. One possibility could be that the Sudanese economy is undergoing a period of robustness and stability, or it could be an indicator of stagnation. In theory, countries maintaining a steady inflation rate achieve exchange rate steadiness. However, these kinds of stable rates are more commonly seen with the world''s strongest currencies, such as the US dollar or Euro, which make this occurrence for the SDG more intriguing. Another possibility may be tied to prevalent global economic conditions. At times, when major economies experience less fluctuation, emergent markets can also stabilize. Economists and analysts are keenly following this occurrence, trying to grasp the exhaustive list of influences that may have led to this steadiness. Irrespective of the potential reasons, this unusual stability in the SDG exchange rate has multiple implications. On the positive side, this stability can be a boon for international businesses and investors leaning on predictability. It simplifies trade as importers and exporters can accurately price goods and services without factoring in exchange rate fluctuations. However, this is a double-edged sword as a static value might indicate a lack of dynamism in the economy. A slow-moving exchange rate could mean underlying economic problems, such as slow growth rates. This event, whether it turns out to be an anomaly or a new economic trend, is a reminder of the intricate workings of financial markets and economies. Going forward, it would be essential to keep an eye on how the SDG exchange rate evolves, as it might provide essential clues about the Sudanese and global economy. In summary, this unexpected stability of the SDG exchange rate has created a focal point for economists and global financiers. As they continue to investigate this phenomenon further, it underlines the never-ending intrigue and unpredictability of global financial markets. Unprecedented Stability in SDG Exchange Rates

Current Middle Market Exchange Rate

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