2024-05-14 Surinam Dollar News

Summary of Last Month

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Statistical Measures

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Trend

Overall Trend Analysis

Based on the provided dataset, it is observed that the exchange rate exhibits a fairly stable behavior throughout the majority of the period, staying within the range of 0.0418 and 0.0422. There is a notable upward shift in exchange rate starting from the timestamp "2024-05-13 09:05:03", where the rate increases from 0.0418 to around 0.0422 and stays within this new range for the rest of the data points. Apart from this shift, the exchange rate throughout the dataset seems to hover around certain values with minor fluctuations.

Seasonality or Recurring Patterns Identification

In regard to identifying patterns or seasonality, the provided dataset doesn't offer any clear cyclical patterns or recurring events that alter the exchange rate. There could potentially be such patterns at longer intervals than the given data, or in response to external factors not apparent from the data itself. As a reminder, this analysis doesn't consider any specific events or factors like business hours or news releases. Additionally, identifying seasonality patterns would require data from multiple cycles (e.g. multiple years) which is not available in the current dataset.

Outliers Detection

From a visual inspection of the data, there does not seem to be explicit anomalies or outliers where the exchange rate sits significantly outside the main body of data. The exchange rates appear to be quite uniform without sudden spikes or dips, which might signify an outlier. Most of the exchange rate values in the dataset sit comfortably between the 0.0418 to 0.0422 range. The steadiness in the values suggests that there were no extraordinary events that drastically affected the exchange rate during the time periods covered by the dataset.

an unexpected event, the SRD exchange rates witnessed a thrilling surge today. This development began to unfold at around 08:35:02 (GMT) and peaked by the late afternoon at 15:35:03 (GMT) marking a significant shift in the economic dynamics. The early trading hours saw the SRD exchange rate maintaining a steady average of 0.04185. However, starting from the timestamp at 08:35:02, the exchange rates started fluctuating. Initially, the value dropped to 0.0418, a marked decrease. This triggered a willing responsiveness in the market with the SRD exchange rate rising as this day''s trading hours progressed. By 09:05:03 GMT, the SRD value had increased noticeably to 0.04214. This was an exciting development and marked the start of a continuous run. The following hours saw the rates staying well above the early trading average, with the climax of this thrilling economic journey reaching 0.0422 at 10:40:03 GMT, reflecting an almost 0.00035 surge, a significant movement in such a short span. Several factors contribute to such abrupt changes in exchange rates. Economic indicators showing increased employment, a growing GDP, or a bullish trade surplus can bolster confidence in an economy, thereby elevating its currency''s value. The details behind this run are yet to be analyzed fully, but it presents an interesting case study for market watchers. While, it is too early to predict the long-term impact of this surge, short-term effects are manifestly positive for currency traders who bet on the SRD. A stronger SRD could result in increased buying power for investors and might impact international trade, benefiting exporters. As the day progressed post-peak, the SRD exchange rates showed a gradual decline and maintained at 0.04215 for a considerable part of the latter half. Despite this cooling off, the rates remained distinctly above the day''s earlier values, closing the day at 0.04219 at 23:55:02 GMT. This shakeup in SRD''s exchange rates keeps investors on their toes. Traders might look for similar patterns to predict upcoming movements. However, the task remains intricate as exchange rates are multi-factor-based, and often external factors like political instability or natural disasters can dwarf systematic economic indicators. Today''s surge is certainly newsworthy for market commentators and traders alike. The financial sector will watch closely for potential ripple effects of this event. Experts are keenly investigating the causal factors behind the surge, and potential future scenarios based on today''s exciting activity, keeping everyone in anticipation for what the next trading day will unfold.Exhilarating 8 Hour Surge In SRD Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.