2024-04-18 Surinam Dollar 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

Trend Analysis

Reviewing the dataset, it seems that there are small oscillating fluctuations with the exchange rate. However, it's noticeable that the overall trend over the course of the day is slightly declining. The rate starts at 0.03973 and ends at 0.03955, indicating a slight decrease in value over the time period. Nevertheless, the magnitude of the change is not drastic, and it is showcasing a somewhat stable trend with small fluctuations.

Seasonality and Recurring Patterns

From the supplied dataset, it is difficult to identify any specific seasonal pattern. Since the data provided is for a single day only, traditional seasonality (daily, weekly, monthly, etc.) cannot be conclusively determined. Further data spanning a more extended period would be necessary to identify if the rate has patterns that repeat on a daily or weekly basis.

Outliers

In the given dataset, there does not appear to be any major outliers. The exchange rate remains between 0.03954 and 0.03978 throughout the day, with no rates that are significantly different from this range. Thus, the rate changes seem to be consistent without any abrupt jumps or falls, suggesting that there is a stable market condition during this particular day.

Market The global financial market witnessed minor fluctuations in the srd exchange rate on April 17, 2024, marking a day of moderate volatility. Despite the slight ups and downs, the currency market demonstrated significant resilience and stability throughout the day. At the start of trading, the srd exchange rate was pegged at 0.03973. Amid fluctuating global cues and market sentiments, it soared to a high of 0.03978 at 01:05 AM, reflecting a positive undertone in early morning trading. However, as trading progressed, the srd demonstrated a soft decline, reaching a mark of 0.03968 by 03:30 AM. Later in the day, the srd showcased incremental fluctuations between 0.03972 to 0.03969 until 05:30 AM. However, stability reigned supreme in the srd exchange rate during the later hours as the rate cowered at 0.03960, right up till the mid-afternoon at 14:00 PM. The currency managed to hold a steady momentum by the end of the day, closing at 0.03955. The minor jitters noticed in the srd''s performance throughout the day possibly mirror broader market trends. The foreign exchange market remained relatively calm, anchored by a well-balanced equilibrium between supply and demand. While the srd''s performance may not seem significant at first glance, a deeper analysis suggests that it represents a relatively strong and predictable financial market. The minor oscillations seen in the srd exchange rates reaffirm its steadiness in times of uncertain global financial scenarios. In essence, the fluctuations witnessed in the srd exchange rates underscore the robustness and resilience of the global currency market. The steady performance suggests a soothing signal for investors looking for stability amidst the frenzy of the high-stakes world of finance. Looking ahead, the market appears set for regular trading in the short term, considering the steadiness maintained by the srd. Investors should be mindful of the broader economic landscape, which could deliver a potential impact on exchange rates. In conclusion, while the fluctuations in the srd exchange rates on April 17, 2024, may seem trivial in isolation, it does reveal the broader narrative of a steady and reliable financial market. Amid the roller coaster world of financial trading, maintaining a firm grasp on such granular data can greatly assist in identifying future trends and patterns.Minor Swings in srd Exchange Rates Reflective of Steady Market

Current Middle Market Exchange Rate

For information purposes only.