2024-04-19 Syrian Pound News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


1. Understanding the Overall Trend

From the data above, it is clear that the exchange rates (SYP) remain constant throughout all timestamps provided. Each timestamp from 2024-04-18 00:10:02 to 2024-04-18 23:55:02 records an exact exchange rate of 0.00055. Therefore, there is no discernable trend of increasing or decreasing rates within this specific dataset.

2. Identifying Seasonality or Recurring Patterns

Given that the exchange rate in the provided dataset is constant and does not change across all timestamps, there are no observable patterns or signs of seasonality as well. The rate remains steady at 0.00055 at all times regardless of the time of the day.

3. Noting Outliers

In accordance with the data provided, there are no exchange rate entries that would be classified as outliers. All of the SYP exchange rates are the exact same value (0.00055), so there isn't an instance in which the exchange rate deviates or differs significantly from this common value.

In conclusion, this dataset displays a constant and unchanging exchange rate over the entire period. It may suggest a period of particular stability for this currency exchange rate, with no fluctuations or variations detected amongst the data.

24 hour Run In an unprecedented instance in the financial market, the Syrian Pound (SYP) has maintained remarkable stability with its exchange rate sustaining at 0.00055 throughout a full day. The resilient steadiness of the SYP exchange rate revealed itself from April 18, 2024, 00:10:02 onwards, withholding the same stance till April 18, 2024, 23:55:02. This uncommon phenomenon comes as a surprise to financial experts and market enthusiasts, considering the volatile nature of the financial market as a rule. Throughout the day, no fluctuations in the exchange rate were observed, making it a rare event in the currency exchange history. This level of stability is almost unheard of in modern financial markets, especially over a continuous 24-hour period. The extraordinary occurrence might seemingly imply a lack of activity or stagnation. However, a deeper dive indicates a striking balance between supply and demand over the said timeframe, rendering the market exceptionally stable. The occurrence can also be seen as an indication of a sturdy economy, devoid of significant disruptions or uncertainties that usually tend to fluctuate the exchange rate. Simultaneously, this event calls for a thorough examination into Syria''s current economic steps and financial reforms. A sustained constant currency rate in the forex market generally signifies a stable macroeconomic environment, underpinned by sound monetary and fiscal policies. So the question arises - Is Syria steering towards an economic reformation? Nonetheless, the consistent Syrian pound rate does not entirely eliminate the prospect of future volatility. The financial market, with its inherent unpredictability, is always susceptible to rapid changes influenced by a myriad of factors like geopolitical events, economic reports, and shifts in global economies. As we look ahead, currency traders and investors will be keenly observing if this stability is a new trend or just a transitory phase for the Syrian pound. If this is the trend, the predictability may usher in fresh investment opportunities. However, if it''s a transitory phase, anticipating and maneuvering through the upcoming volatility would be key for the traders and investors. This distinctive event in the financial market, a day of constancy, emphasises the fact that occasionally calm seas do present themselves even amidst the usually stormy waves of the exchange rate ocean. The market now waits with bated breath for the direction SYP takes in the future - propelling towards change or pivoting back to the conventional volatility.Unwavering Stability Marks SYP Exchange Rate in Historic 24 hour Run

Current Middle Market Exchange Rate

For information purposes only.