2024-04-26 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

Overall Trend Analysis

The overall trend for this particular dataset shows minimal fluctuation in SDG exchange rates. The value stayed at 0.00234 in the early parts of the dataset before shifting to 0.00233 and maintained such for the majority of the period. There is no substantial evidence of either an increasing or decreasing trend; the rates appear to be relatively stable.

Seasonality & Recurring Patterns

Regarding seasonality or recurring patterns, the time intervals do not explicitly suggest the presence of any recurring patterns. The data provided is in five-minute increments, and a consistent change in rates is not established from the dataset available. As such, it's critical to have more specific context or expanded data to identify any potential hourly, daily, weekly, or monthly seasonality in the exchange rates.

Outliers Analysis

Given the data consistency and minimal variation in exchange rates, major outliers were not immediately identifiable. Over the entire dataset, the SDG exchange rate seems to oscillate between 0.00234 and 0.00233, with no significant deviations. This suggests that the data is fairly stable and that substantial unexpected fluctuations in the exchange rate are not commonly occurring during this period.

To have an accurate and more comprehensive analysis, engaging more granular data might be helpful or considering external factors like market behavior, key financial news and reports, and geopolitical events that potentially affect foreign exchange rates.

es Minor Fluctuations The Sudanese pound (SDG) saw a period of relative stability with minor fluctuations on April 25, 2024, challenging the market''s perceived steadiness. This shift, subtle as it may seem, has caught the attention of investors and financial experts worldwide. The data demonstrates the ups and downs of the exchange rate throughout the day, signifying times of stability and moments where slight variances occurred. Throughout the day, financial observers noticed the SDG exchange rate mostly holding steady at 0.00234, with occasional dips to the 0.00233 range. Although these changes may seem minuscule to the untrained eye, they can bring substantial impacts in the world of currency trade and international finance. The day started off with the rate remaining constant at 0.00234 for several hours, demonstrating robust resilience from morning until early afternoon. However, slight oscillations were observed starting from the late afternoon, where the rate fluctuated between 0.00233 and 0.00234. These modest yet crucial swings can carry significant implications for currency traders who operate on slim margins. The relative stability of the SDG exchange rate is seen by many market watchers as a reflection of Sudan''s ongoing efforts to stabilize its economy. Yet, the minor fluctuations throughout the day could indicate underlying uncertainties. It''s crucial to note that currency value is directly influenced by various factors, including economic performance, geopolitical events, and changes in the international financial climate. While today''s slight fluctuations in the SDG were relatively minor, if persistent, they could point to brewing changes in Sudan''s economic landscape. Experts advise investors and businesses involved in foreign exchange transactions to stay alert for future developments concerning the SDG. Although the currency held relatively steady most of this day, the financial landscape is inherently volatile and subject to sudden changes. Looking forward, financial analysts are keeping a close eye on the SDG. Any shift in a country''s exchange rate, regardless of how minuscule, can reflect broader economic trends. With today''s minor wavers, the financial world is reminded that the seeming stability of a currency can, at times, be slightly shaken - and that these shakes can have considerable implications. This market development underlines the importance of deeper market research and informed decision-making in currency trading and subsequent international transactions. As the day ends, currency traders, economists, and investors worldwide will be watching the SDG''s performance in the coming days with renewed interest.Steady Streak Slightly Shaken: SDG Exchange Rate Witnesses Minor Fluctuations

Current Middle Market Exchange Rate

For information purposes only.