2024-04-30 Surinam Dollar News

Summary of Last Month

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

Statistical Measures

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  • Standard Deviation:

Trend

Overall Trend Analysis

Based on the data provided, the overall direction seems to be a slight increase in the exchange rate. The initial value is around 0.04016 and the final value is around 0.04028. This seems to indicate a somewhat stable but steadily increasing exchange rate trend.

Seasonality and Recurrent Patterns Analysis

The data does not indicate any clearly observable seasonal trend. The changes in exchange rate are mostly small and incremental over time. This could be due to the fact that the dataset only covers a short duration (in this case, one day), which is not suitable to observe any seasonal variation. Also, the exchange rate seems to remain relatively stable throughout the day with minor fluctuations which does not indicate any strong recurring patterns.

Outliers Analysis

The data seems to show few distinct points where the exchange rate differs significantly. 0.04024, 0.04026 and 0.04028 seem to have popped out more frequently compared to others, serving as potential outliers. Please do note that due to the small range of the dataset and minute nature of exchange rates, we could expect frequent small fluctuations that may appear significant.

Although the exchange rate trend is generally stable, the times when the exchange rate briefly spiked could be of interest for further analysis.

Please note that, as requested, no external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports have been considered in this analysis.

rket Outlook Resilience and steadiness were the defining characteristics of the SRD exchange rate in the financial market over the past twenty-four hours. The financial world watched with bated breath as the exchange rate of the Surinamese Dollar (SRD) to other international currencies experienced a slight, but steady and sustained increase. In the volatile realm of international finance, stability and predictability can be like drops of water in a desert. Investors and market players alike base their strategies and moves on the analysis of time-series financial data such as these, carefully studying the fluctuating exchange rates to maximize their profits or minimize their risks. The SRD started the day at an exchange rate of 0.04016. What was remarkable was that in the following hours, the exchange rate showed a predictable upward pattern rather than the erratic fluctuations frequently observed in other international currencies. As the day passed, the SRD consistently crept upward - a significant positive trend for market players heavily invested in the SRD. This seemingly inconsequential upward shift suggests a stronger purchasing power for the SRD. It represents a stabilized economy which could potentially bring about significant profit for investors and businesses involved in the region''s exchange market. Given the global economy''s turbulent state, such steadiness is certainly a promising sign, amplifying the attractiveness of the SRD in the eyes of international investors. Such minor shifts in exchange rates can play a crucial role in shaping international economic policies and investment strategies. Any financial advisor would conclude that this is the time-focused investors keep a close eye on the SRD''s performance as it conveys a strong market trend. The steady increase in SRD’s value throughout the day hints towards a strong economic framework within Suriname and signals continuing favorable prospects for existing and potential investors. It''s essential to frame this progress within the broader context of global financial markets, which have been marred by volatility due to uncertainties related to geopolitical tensions and global economic events. Regardless of whether you are directly invested in the SRD or simply keeping an eye on the broader economic landscape, the upward trend in this currency should not be overlooked. With the worldwide economy looking for signs of stability amidst the storm of unpredictability, an upward trend, even as slight as the one exhibited by the SRD, speaks volumes about the resilience of Suriname''s economy. While it’s too early to predict the future, the current trend signifies a healthy economic indicator for Suriname and its investors. Careful focus on such indicators and agile adaptation to these market trends will define the winners in the ever-evolving game of international forex trade. As it stands, the SRD might just be the dark horse that leads the pack in the coming days. Stay tuned for more updates on SRD''s performance to navigate your decisions in this aspect of the financial world.Steady Uptick in SRD Exchange Rate Predicts Promising Market Outlook

Current Middle Market Exchange Rate

For information purposes only.