2024-05-09 Surinam Dollar News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
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.
![Surge in SRD Exchange Rates Sees High Stability Through the Day](http://currencymart.net/images/news/surinam-dollar/2024-05-09/img-kvMIzV3sgPR33pXhBxPBxvGQ.webp)