2024-05-14 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

Overall Trend Analysis

The data provided shows a single constant exchange rate of 0.00054 for the entire period. With this consistent exchange rate, there is no discernible trend of increase, decrease or volatility within the data. The rate appears to remain stable throughout different timestamps.

Seasonality and Recurring Patterns

Considering the dataset, there are no observable seasonal or recurring patterns solely based on the exchange rates provided. The exchange rate for the SYP remained at 0.00054 across all the timestamps, indicating a consistent rate without fluctuations. This might suggest that during the period under study, the exchange rate was stable and unaffected by the time of day or other possible seasonal factors.

Outliers

In terms of outliers, the analysis reveals none. This is based on the fact that the value of the exchange rate is constant throughout the entire dataset, thereby negating the possibility of significantly different values or sudden spikes and drops. Therefore, no exceptional observations or data points exist in this dataset that would go against the trend, given the unchanging nature of the rate.

Conclusion

The provided dataset shows a continuous and stable exchange rate for the duration under study. On the surface, without considering any external factors such as market conditions, economic indicators, geopolitical events, or monetary policy changes, there seems to be no change in the exchange rate. However, for a more accurate and comprehensive evaluation, it is typically advised to consider these factors as they can significantly impact exchange rates in real-world scenarios.

n May 13th, 2024, financial experts and market watchers noted an unusual phenomenon - absolute stability in the ‘Syrian Pound’ (SYP) exchange rate. Throughout the entire day, the price point stayed constant, marking a unique event in the ever-fluctuating world of currency markets. As per the data available, from the stroke of midnight to the final second of the day, the SYP exchange rate held steady at 0.00054. This instance stood out as it traversed the usual time zones of financial turbulence and periods of typical market volatility. In the dynamic ecosystem of global finance, exchange rates are impacted by various factors, including economic data releases, geopolitical turbulence, supply and demand, or even mass speculative movements by large-scale investors also noted as market whales. As such, observing a currency exhibit an unwavering exchange rate for 24-hours is a statistical anomaly and has left market observers intrigued. Economic scholars even compared this constancy to a stark, still painting amidst the commonly tumultuous landscape of the ever-moving currency market. The Syrian Pound, embroiled for years amidst the country''s geopolitical tensions, has often experienced fluctuations. However, on this particular day, it held its ground. The reasons behind this uniform rate are being carefully analyzed. It is speculated that a balanced market mood devoid of any impactful economic data release and a lack of geopolitical disturbances might have contributed to this unique economic event. This occurrence has made the SYP one of the most discussed currencies in financial circles. This stability could be perceived as a positive sign indicating strong economic control and management. Alternatively, it could also stir up dialogue about the nature of the environment that leads to such an anomalous instance on a trading day. Looking ahead, currency traders and those with interest in the financial markets will be attentively observing the movements of the SYP. Future instances of similar stability, or a return back to the expected volatility, both hold implications for the perception of the country''s economic standing. The debate around this will continue to dominate finance academic discussions, editorial rooms, and perhaps even minting house debates until the market riddle is unraveled. The future movements of the SYP will provide grist to this analytical mill, as experts and scholars search for meaning in this day of complete market stability.Remarkable Stability Noted in SYP Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.