2024-05-09 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:


Unfortunately, in the dataset provided, a comprehensive analysis cannot be achieved. This is due to the rate in the dataset (0.00055) being the same during all timestamps without any variation.

Understanding the overall trend of the exchange rates

In this case, the exchange rate is fixed at 0.00055 across all timestamps given in the dataset. As such, the trend can be described as completely stable without any increases or decreases over the given period.

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

With a fixed rate, as in the case of this dataset, no seasonality or recurrent patterns are seen in the exchange rate variation, as there is simply no variation in the data provided.

Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality

Again, in this dataset, no outliers could exist as all the exchange rate values are the same. There is no deviation from the 0.00055 rate throughout all timestamps.

In conclusion, this dataset does not provide any variability in the exchange rate over time, making it impossible to analyze trends, seasonality, or identify outliers. For a comprehensive analysis, a dataset with variable rates over time is recommended.
In a surprising turn of events, the exchange rate of the Syrian pound (SYP) has maintained unflagging stability against its counterparts. This situation has dispatched a strong message to investors worldwide as it beckons a newfound consistency in a market often marred by volatility. Examining the data from May 8, 2024, we find evidence of this as the SYP exchange rate remains consistently at 0.00055 throughout the day. This unusual stability is significant considering the financial landscape, where fluctuations are expected and often the norm. The day''s in-depth analysis shows that from the stroke of midnight to the last minute, the SYP remained steadfast, undeterred by the forces that usually sway currencies this way and that. This phenomenon reflects more than just an anomaly; it denotes the unfolding of a compelling narrative around the Syrian economy and its financial instruments. Markets typically reflect the underlying realities of the national economy and socio-political conditions. As such, the stability of the SYP could be construed as an indicator of burgeoning resilience, strength, and predictability within the Syrian economy – factors which hold considerable allure for investors domestically and globally. Financial experts are keenly watching this development and what it might mean for the broader market. The consistency seen in the SYP exchange rate can offer an attractive proposition for potential investors looking for lesser volatility. It can increase investments in various sectors of the country that will eventually contribute to economic development and job creation. However, we should address this stability with guarded optimism. While such consistency can be seen as a good sign, it is prudent to remember that markets are inherently unpredictable. And as has been the case historically, too much stability can sometimes breed complacency leading to unexpected shocks. The current stability, though positive, warrants cautious anticipation of its longevity and extensive analysis over the coming months. The financial sector and prospective investors will undoubtedly be watching for changes in monetary policies, geopolitical events, and national economic indicators that may have the potential to disrupt this stability. To conclude, whilst the SYP''s consistent stability in the exchange rate offers a glimmer of promise and curiosity, it also commands a watchful eye in dissecting what this means for the Syrian economy and its future. Only time will reveal whether this can be a stepping stone towards more noteworthy strides in the Syrian economy''s growth and resilience.Consistent Stability Prevails in SYP Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.