2024-05-22 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

Upon review of the data set provided, the exchange rate (SDG) remains stable throughout the timestamps. There is a consistent figure of 0.00227 available from the starting to the end timestamp. This indicates that there is no significant increase or decrease in the exchange rate value over the period shown in the dataset.

Seasonality or Recurring Patterns

For seasonality or recurring patterns, we generally look for regular and predictable changes in the exchange rate that recur every calendar year. Any predictable fluctuation or pattern that repeats over one-year periods is considered seasonality. In this dataset, since there is no fluctuation in the exchange rate throughout the available timestamps, it's reasonable to say there is neither seasonality nor recurring patterns. The consistency of the figure in all the given times shows that the exchange rate is stable and remains the same all year round irrespective of the time of the day.

Outliers

Outliers in a dataset are data points that differ significantly from other observations. An outlier may be due to variability in the data or it may indicate an experimental error. In the context of this data review, there are no identifiable outliers as the exchange rate (SDG) remains consistent at 0.00227 at all given timestamps. Therefore, in this dataset, there are no instances of the exchange rate differing significantly from the expected rate.

udanese pound (SDG) exchange rate stands firm, in a remarkable display of stability on the 21st of May, 2024. The economic market registered a constant SDG exchange rate throughout the day, establishing a relatively rare financial circumstance in the volatile world of currency markets. The day started with the SDG exchange rate registering at 0.00227, a number that remained unchanged as the day progressed. Seen across various time slots, from the early morning timestamp of 12:00 AM until the final record taken at 11:55 PM, the innate steadiness signified an unusual day of zero fluctuation for the SDG. Exchange rates, the value of one nation''s currency versus that of another nation, are known to oscillate depending on a variety of factors. These factors can range from trade balances, levels of political stability, inflation and interest rates, or economic growth and financial market stability. Therefore, constant rates in currency exchange, as exhibited by the SDG, remain relatively rare. The financial sector sees this extraordinary stability in the SDG exchange rate as a reflection of a possible strong underlying economy. It signals well for investors who prefer stable markets, as it reduces the risk of immediate losses due to sharp exchange rate fluctuations. Although stability in the currency exchange market could infer an invariant economic situation, it could also mean a lack of response to external factors that typically influence a nation''s currency rate. Economists are intrigued by the unfolding occurrence, initiating an extensive study into the matter. One compelling perspective suggests that such constancy in the SDG currency exchange might indicate a firm hold by the Central Bank of Sudan in maintaining the rate of its currency. This could be due to economic measures taken in response to an increasingly challenging global economic scenario. Experts opine that while the stability upholds investor sentiment and assures Sudan''s trading partners, a closer look into the underlying reasons behind such unwavering rates becomes essential. As we move forward, all eyes remain on the Sudanese economy, with stakeholders keen on seeing how the unique stability in the SDG exchange rate furthers. Market watchers are sanguine on seeing if this pattern continues into the future or if it''s merely an anomaly. Either way, this extraordinary characteristic has added another interesting chapter in the captivating world of currency exchanges. Stable Rates Persist in SDG Exchange Markets

Current Middle Market Exchange Rate

For information purposes only.