2024-05-14 Sudanese Pound News

Summary of Last Month

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

Statistical Measures

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  • Standard Deviation:

Trend

Analysis of Exchange Rates

After careful examination of the provided data, it is seen that the figures are presented in time-series format, showcasing exchange rates (SDG) at various points in time, presented as timestamps.

1. Understanding the overall trend of the exchange rates

Overall, the exchange rates maintained a steady pattern, primarily remaining constant at approximately 0.00228. However, there were momentary sightings of slight drops at certain intervals (to around 0.00227), before the rate quickly rebounded back to its initial value. This ascertains that the exchange rate has mostly been stable throughout the provided duration without any major fluctuations.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

Upon further inspection, no clear seasonality or notable recurring patterns were identified in the changes of exchange rates, which essentially remained the same throughout the time frame. While this may typically reflect minimal market volatility, it could also result from the chosen granularity of five-minute intervals being too short to capture any significant movements or patterns.

3. Noting any outliers or instances where the exchange rates differ significantly

Reviewing the provided data revealed no substantial outliers or instances where the exchange rates differed significantly from the expected trend. While there were instances of minutely decreases in rates, as evidenced in the data, these instances were short-lived and promptly corrected. This indicates that there were no drastic deviations from the prevailing rate of 0.00228 over this period.

This analysis only takes into account the data provided and does not factor in external aspects such as market opening/closing hours, weekends/holidays, or the release of significant financial news and reports that might influence such rates.

Disclaimer:

Please note that this analysis is based on historical data and does not provide any predictions for future rates.

/h1> The Sudanese Pound (SDG) has exhibited a remarkable trend of stability, resisting unto any form of fluctuation over a considerable time stretch. This event poses two possible scenarios of significant economic outcomes depending on its interpretation. Starting from the midnight of May 13, 2024, the SDG maintained an exact rate of 0.00228 against the US Dollar consistently over several hours. This plateaued exchange rate pattern was bypassed briefly, for about an hour, when the rate slightly dipped to 0.00227. However, before long, the rate recuperated to its steady state registering 0.00228 once again. While stability in exchange rates connotes low volatility and risk, leading to increased confidence among investors and traders, such an unusual pattern for an extended period has the potential of conceiving doubts about potential market manipulation. Though stability typically offsets any foreign exchange risk to entities dealing in SDG, such prolonged steadiness may invite apprehensions around unnatural price interventions. Economically, as evident in historical cases, long intervals of such rigid rates often precede sharp swings in either direction and may send shockwaves through the financial markets. It implicitly signals an imbalance in the supply and demand dynamics driven by external influence or perhaps, deficient market depth. Under normal circumstances, values of currencies wiggle constantly, even within small ranges, responding to a myriad of economic factors comprising interest rates, economic growth, geopolitical tensions, and inflation trends. In this context, the persisting steadiness of the SDG poses both an intriguing anomaly and invites a plethora of interpretations. Speculations are now stirring due to this rare pattern observed in the SDG-USD exchange rate. Experts predict possible upcoming changes in macroeconomic policies facilitating this apparent calm before a potential storm. As the financial world eagerly awaits clearer insights on this unprecedented event, traders and economists globally are gearing up to comprehend the implications of this anomaly. Future predictions show a high possibility of the pendulum shifting towards variable rates, however, the timeline for the same remains uncertain. Considering the manifold outcomes conceivable from such an event, the focus stays on the Sudanese Government''s and global financial entities'' response to this unusual phenomenon, which will impact the broader economic landscape.Unprecedented Stability Witnessed in SDG Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.