2024-04-30 Syrian Pound News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Overall trend of the exchange rates

Based on the provided time series data, it appears that the exchange rate has remained stable at 0.00054. The rate has not shown any changes in the given timestamps, indicating a period of stability in the foreign exchange market for this currency. It is usually a positive sign of market stability, however, it can also suggest that the data might be lacking any significant shifts or trends in the market.

2. Seasonality and recurring patterns

The stable rate of 0.00054 throughout the period shows no seasonality or recurring patterns. Typically, these patterns can be identified when there are consistent and predictable changes in data at regular intervals. However, in this case, the consistency and predictability of exchange rates appear to be constant, not exhibiting any fluctuations or patterns. This might indicate that there is a strong control or stability mechanism operating this exchange market.

3. Outliers in the data

Given the stable rate of 0.00054 at all timestamps, it does not appear that there are outliers. An outlier would typically be a data point that significantly differs from the other observations. However, in this data series, each point aligns with the general trend perfectly and doesn’t deviate, indicating that there are no outliers.

General Note

This is a simplified analysis derived purely from the given time series data, without considering any external influencing factors. Such factors as dramatic shifts in the financial market conditions, policy changes, macroeconomic indicators or significant news events can have an impact on exchange rates and introduce volatility or fluctuations into the market. Therefore, while constant stability might not be the norm in reality, this analysis aims to provide insight based on the dataset provided.

rket Fluctuations In an unexpected turn of events, the Syrian Pound (SYP) has demonstrated an unwavering resilience amidst an undercurrent of global market unpredictability. Surprisingly, the SYP exchange rates have held an iron grip, maintaining a constant flat line for an unprecedented time span, contrary to the fluctuations that typically characterize the financial realm. In a comprehensive analysis of available data, extending from the early hours of Monday, April 29th 2024, it is revealed that the SYP exchange rate remained immovable at the 0.00054 mark throughout the day. This stagnation indicates a stability rarely observed in volatile financial markets, more so in a currency’s exchange rate with the outer world. The constancy of the SYP exchange rate is especially significant given that this timeframe embraces diverse global trading sessions, including the Asian, European, and American markets. The failure of these varied market sessions, with their distinctive economic environments and trends, to influence or sway the SYP exchange rate is indeed phenomenal. This extraordinary stability observed in a 24 hour cycle proposes two possibilities: an unyielding financial policy or a distinct lack of external trading interactions. Regardless of the cause underlying this trend, the affected markets and economies are potentially looking at a double-edged sword scenario. On one side, a steady exchange rate implies a reduced risk of financial losses due to a volatility in the currency market, thereby providing a certain level of assurance to investors. On the contrast, this could also imply a resistance to growth or slide, potentially signaling a less dynamic and perhaps, stagnant economy. The ripples of this unique trend in the SYP exchange rate undeniably extend beyond the immediate market dynamics to impact various sectors reliant on fluctuating exchange rates for their businesses. However, the long-term implications of this unyielding exchange rate remain to be seen. The global financial market and other economies must prepare for any potential ramifications this degree of stability could bring. It is crucial to remain vigilant of any abrupt variations in this established trend, which could offer new investment opportunities or signify the need for a strategic pivot. In the coming days, experts will likely look for signs of changes in the pattern. The strength or vulnerability of the Syria Pound thus remains under microscopic surveillance, making it a hot topic amidst global financial discussions. As we tread ahead into the fiscal future, the question remains – is this a temporary phase of stability or the advent of a new norm for the Syrian Pound? Whatever the answer might be, one thing is sure – the world will be watching closely.Unwavering Stability Marks SYP Exchange Rates Despite Market Fluctuations

Current Middle Market Exchange Rate

For information purposes only.