Financial Market Witnesses Unwavering SYP Exchange Rate for Sustained Period
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
From the provided data, the SYP exchange rate remained constant at 0.00054 throughout the period. There was no noticeable increase or decrease mean indicating a stable exchange rate. Demonstrating that there was no volatility in the exchange rate during this particular period.
Seasonality and Recurring Patterns
It is difficult to discern any seasonality or recurring patterns in the exchange rate as the data provided maintains a constant exchange rate of 0.00054. To identify seasonality, we would need to observe changes taking place at regular intervals, however, this is not evident in the given data.
Outliers and Significant Deviations
Given that the exchange rate remained constant at 0.00054 throughout the period, there were no outliers or significant deviations from the established trend. This means the currency exchange rate trend observed during this period is extremely stable and it didn't get influenced by fluctuations that usually occur due to factors such as market dynamics, economic indicators, geopolitical events, or changes in respective countries' monetary policy.
Please note that this analysis is based on the given dataset and does not take into account external influences which might affect exchange rates. These could include factors such as economic news, geopolitical events, changes in interest rates, or other market dynamics.
![Financial Market Witnesses Unwavering SYP Exchange Rate for Sustained Period](http://currencymart.net/images/news/syrian-pound/2024-05-22/img-omGfN6zSXPsCG5MvRNnkbRhz.webp)