2024-04-26 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

Introduction

The Given dataset is a time-series data which reflects the hourly changes in the SRD currency exchange rates zoomed in on the particular day of 25th April 2024. The data frequency is approximately every 5 minutes, although there are some irregularities. The task is to analyze and identify the patterns, trends, and anomalies in the provided data set.

Overall Trend

The overall trend of the SRD exchange rate for the day appears to be slightly decreasing. The rate starts at 0.03978, then experienced a gradual decrease, falling as low as 0.0397, and closing at 0.03992. The difference between the opening and closing rates may seem minimal but in the currency exchange market, even a small change can be significant.

Seasonality Trends

When it comes to identifying any seasonal or recurring patterns in the changes of exchange rates, it is less straightforward to identify within a single day's data. Usually, this kind of patterns and trends are easier to identify when data spans across several weeks, months or years, so the typical daily, weekly or monthly patterns could be observed. In this case, since we are working with just one day worth of data and the variations in the data are slight, no clear seasonal trend can be identified.

Outliers and Anomalies

Given the tight range of exchange rates over the period (from 0.0397 to 0.04008), it doesn't appear that there are any significant outliers or instances where the exchange rates differs significantly from the general trend. The exchange rate seems to fluctuate within a narrow range for the whole day. Therefore, no clear anomalies can be spotted which could suggest market shocks or irregular trades.

Conclusion

The SRD exchange rates for the given day followed a slightly decreasing trend without prominent seasonal patterns or significant outliers. While the details of each trade remain unknown, the overall pattern suggests a relatively stable and routine trading day.

4 Hours Over the last 24 hours, a unique level of stability has been observed in the SRD exchange rate, according to current time-series financial data. This unusual stability is happening within a fluctuating global financial landscape, a fact that shines a spotlight on this particular currency''s unusual journey. The SRD''s exchange rate started the day at 0.03978, with minimal volatility observed throughout the day. It hit a slight dip to 0.03972 around 1:35 AM, but bounced back, reaching its peak at 0.04008 during the 9:00 to 10:00 AM timeframe. Such level of stability is a rare occurrence, especially within a 24-hour span, prompting attention from currency traders and other market participants. The consistent performance of the SRD exchange rate presented a period of reliable gain in the currency market, catching the eye of several investors and traders. Such stability in exchange rates is significant, especially in today''s turbulent and unpredictable economic climate. It provides assurance for traders and investors, offering opportunities for secure trades and investments. Economically, a stable exchange rate supports inflation targeting as it imparts confidence in the currency, which can increase its global allure. The SRD''s stability can also be interpreted as reflecting the underlying stability of the economy that it represents. This impression can be particularly beneficial for that economy, especially in terms of attracting investment. However, while stability might be an enticing factor for some investors and traders, others might view it as a lack of opportunity. Without changes in the exchange rate, there is little room for making profits from currency trading. Therefore, investor sentiment about this stability in the SRD rate can be divided. Looking ahead, the main question remains: Will this observed stability continue? This pattern of stability may or may not persist. As with all financial trends, it''s crucial to monitor the development closely. The monitoring will not only include the currency''s performance but also factors that could affect it. These include geopolitics, economic data releases, policy decisions by central banks, and even psychosocial factors such as market sentiment. Given this, while today''s currency stability might be a sigh of relief for some, others are already bracing for the inevitable changes that the unpredictable financial market will bring. The world of finance continues to turn – and with every turn, there is always a new development to watch out for.Continual Stability Observed in SRD Exchange Rate Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.