2024-04-23 Bahamian Dollar News
2024-04-22
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 of the Exchange Rates
From the dataset provided, we realize there doesn't appear to be one clear overall trend in the BSD exchange rate. The rate starts at 1.3737, reaches a peak of 1.37471, drops to a minimum of 1.3676, and ends at 1.37084. This indicates that the exchange rate has fluctuations but doesn't show a significant general increasing or decreasing over the period.
Seasonality and Recurring Patterns in Exchange Rates
In terms of seasonality or recurring patterns, it's challenging to draw any conclusions from this dataset without a longer period data. This data spans just over a day which is a relatively short period to judge the seasonality accurately. Long-term data, such as over a year or several months, would give a clearer picture of any seasonal patterns.
Outliers in the Exchange Rate
Considering this dataset, there don't appear to be major outliers in the data. The exchange rate stays within a relatively narrow range of 1.3676 and 1.37471. However, given the short period of the data, it's possible that unanticipated fluctuations in exchange rate can be present but not seen here.
External Factors
Please note that this analysis doesn't account for external factors like market opening/closing hours, weekends/holidays, or the release of crucial financial news and economic indicators. Such external factors play a significant role in determining exchange rates. As such, the lack of consideration for these factors might limit the accuracy of this analysis.