2024-05-01 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

Overall Trend of Exchange Rates

Based on the provided data, it is seen that the exchange rates have displayed an overall increasing trend. The rate started at 0.04028 at 2024-04-30 00:00:02 and gradually appreciated to 0.04075 by 2024-04-30 23:55:02. Thus, it is fair to conclude that the general direction of the change of the rate has been an increase.

Seasonality or Recurring Patterns

Examining the data for any seasonality or recurring patterns, it does not appear that there are any clear patterns in the movement of the exchange rate over the period in question on a daily basis. The rate mostly fluctuates slightly around a range without any specific recurring patterns within the day. While it may vary at different times of day, it doesn't appear to be a significant, repeatable pattern at this frequency.

Outliers in the Exchange Rates

In terms of outliers, there was an increase from 0.04026 at 2024-04-30 07:30:03 to 0.0404 at 2024-04-30 07:40:02, which seems to be a more substantial change than seen in other 10-minute intervals. This could be considered an outlier. Additionally, there was a noticeable increase to 0.04066 at 2024-04-30 08:55:02 from 0.04046 at 2024-04-30 08:50:03, which is another instance of an unexpected rate hike.

It is important to note that without information on external influencing factors, it is not possible to definitively state whether these outliers were anomalies or influenced by external circumstances.

In conclusion, the general trend throughout the dataset provided suggests an appreciation of the exchange rate with few periods of noticeable volatility. Further detailed analysis on a larger dataset or additional external factors may provide more in-depth insight into this phenomenon.

nsistency In a world that constantly grapples with financial instability, the Surinamese Dollar (SRD) exchange rate appears to be an oasis of steadiness. An in-depth analysis of data spanning a 24-hour period on April 30, 2024, reveals a prime example of minimal fluctuation signifying an unusually stable exchange rate phenomenon. In the early hours of the day, the SRD registered a minor increase. This initiated at 0.04028 and steadily advanced to 0.04032 by the first hour of trading. The slight burst of activity was a prelude to unwavering steadiness that characterized the rest of the session. The SRD remained neatly tucked within a narrow band of 0.04028 and 0.04032 in the subsequent hours, with only mild variations. This stability was so persistent that it transcended into the closing hours, with the SRD closing the session at 0.04075—an impressive testimony to the resilience it displayed throughout the day. This significance of this stabilizing trend should not be overlooked in the context of the global foreign exchange market—a platform infamous for its volatility. The stable SRD offers a paragon of predictability that is ordinarily rare. Moreover, in a financial landscape where every basis point matters, the contained fluctuation presents lower exchange risk—a scenario most currency traders can only dream of. But what''s the story behind this comforting constancy? There could be several factors at play. From a strong economic policy at work in Suriname to macroeconomic variables holding steady, the explanations are manifold. However, it''s crucial to remember that while such stability can inspire confidence in the short term, too much of it can also raise questions about competitiveness and market complacency. As we look towards the future, numerous questions arise. Will this trend continue? If so, how long will it last? While the answers to these queries lie in unpredictable geopolitical and economic variables, traders and financial analysts worldwide will undoubtedly keep a close watch on this unique exchange rate model''s unfolding narrative. Amidst these uncertain times, whether the SRD''s stability is the calm before a storm or a new normalcy only time will get to dictate. For now, it''s safe to say that the SRD''s performance on April 30 is one for the financial history books—a day when an exchange rate displayed an extraordinary stability that goes contrary to the natural order of the financial markets. It stands as a beacon, illuminating a path that, if tread carefully, could offer unparalleled advantages in the ever-turbulent financial seas.Remarkable Stability in SRD Exchange Rate: A Model of Consistency

Current Middle Market Exchange Rate

For information purposes only.