2024-05-09 Surinam Dollar News

Summary of Yesterday

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

Statistical Measures

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Trend

Analyzing the SRD Exchange Rate

Based on the dataset provided, we can conduct a brief time-series analysis of the SRD exchange rate. This involves analyzing the raw data points to uncover any hidden trends, patterns, or outliers. Please note that this analysis is based solely on the raw data provided and does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.

1. Understanding the overall trend of the exchange rates

Upon initial observation, the SRD exchange rate appears relatively stable. The rate seems to fluctuate within a narrow range between 0.04164 and 0.04188. When compared to the beginning and end of the time period, there is no significant upward or downward trend. No extended periods of consistent increase or decrease are present, indicating that the rate has primarily remained in a stable state.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

An hourly analysis of the SRD exchange rate reveals no clear cyclic or seasonal patterns. The rate fluctuates within the given range without any consistent hour-to-hour or day-to-day patterns. Instead, these fluctuations seem to be random short-term movements with no discernible rhythm or regularity.

3. Noting any outliers, or instances where the exchange rate differs significantly

Within the observed data set, there are no apparent outliers, or instances where the exchange rate deviates noticeably from the typical range. Similarly, there don't appear to be any sudden spikes or drops that would indicate a significant variation in the rates. All rates remain rather close to each other, loosely orbiting around the 0.0417 to 0.0418 range with minor deviations.

Overall, the SRD exchange rate has shown to be relatively stable over the timestamped data without any significant fluctuations or outliers. However, it is important to note that financial trends are influenced by a multitude of factors, and an in-depth analysis should consider other indicators in conjunction with the raw exchange rate.

the Day In an unprecedented development in the financial markets yesterday, the exchange rates for Suriname Dollar (SRD) exhibited remarkable stability, minutely oscillating between core values throughout the day. The stability was exhibited over a 24-hour period, trailing from the early hours of 00:00 hours and edging on to the close of the day at 23:55 hours, suggesting a consistent market performance overarching any regional business hours. The start of the day saw the SRD exchange rate at 0.04169, effectively rising a notch higher to 0.0417 within a five-minute span. This pattern, interestingly, saw a rhythmic repetition through various timestamps of the day. The mere marginal rise and fall in the exchange rates reflect a stable, low-volatility market situation that continued into the day''s close at a rate of 0.04183. Analysts appraise this rare stability as a positive sign reflecting balanced flows of capital into and out of the SRD markets. Given that exchange rates are heavily influenced by factors such as inflation, interest rates, public debt, and economic performance, such a steady pattern is indicative of a buoyant and robust economy. It infers to a well-managed fiscal policy alongside market confidence, inviting potential for both short-term and long-term investments. As the day progressed into the late hours of the morning, a slight dip was noticeable, plunging the rates from 0.04171 to 0.04167 in around forty-five minutes. However, in a swift turnaround, the currency experienced a needed respite rebounding to 0.04171 by 06:40 hours. Notably, the highest spike was observed during 09:05 to 09:10 hours, pushing the rates to a refreshing 0.04188, offering traders an opportunity for profitable dealings. By noon, the exchange rate was observed bobbing around 0.04184, maintaining relative consistency till the end of the day. The financial market experts believe the day’s undulating trend is emblematic of a controlled economic scenario. The absence of major fluctuations reduces the likeliness of unexpected losses or gains, offering a safer environment, especially for conservative traders and investors. While SRD''s market performance managed to sustain, it hints at likely implications for the future. An anticipated continuity of this stability trend might spell unwavering strength that could prove beneficial in attracting foreign investors. However, given the financial market''s unpredictable nature, it remains crucial for stakeholders to stay alert about economic indicators and global news impacting the SRD’s value. Looking ahead, the market and the world will watch how long this stability will continue and whether it will fuel an uptrend, leading to the SRD strengthening against global currencies or if a downtrend may be lurking around the corner. Until then, it provides an interesting ensemble of opportunities for financial market players.Surge in SRD Exchange Rates Sees High Stability Through the Day

Current Middle Market Exchange Rate

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