2024-04-24 Bahamian Dollar News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend of BSD Exchange Rates

Based on the dataset provided, the exchange rate of BSD appears to be overall stable, however, it does fluctuate from a low of 1.36744 to a high of 1.3736 throughout the day. Initially, it starts with 1.37085 at midnight and registers a high value of 1.3736 towards the end of the day. This suggests that the exchange rate's trend is slightly increasing during this period.

Seasonality or Recurring Patterns

A detailed seasonality or recurring pattern analysis might be challenging due to the absence of a larger dataset. In this one-day data span, the data does not show a clear seasonality pattern. It is advisable to have data spanning multiple days, weeks, or months to identify significant patterns or seasonality.

Outliers or Significant Differences

Despite several fluctuation periods, there don't seem to be noteworthy outliers where the exchange rate differs significantly from the general pattern. The changes in exchange rates throughout the period relatively moderate. However, at around 8.00 PM, the exchange rate jumps from 1.36751 to 1.37288. This change is larger than most other fluctuations in the data, but as it only happens once, it's not clear if it's a regular occurrence or a one-time spike. More data would be needed to draw a conclusion.

Driven by market dynamcis, the Bahamian Dollar exchange rate sees turbulent swings, yet sends a clear signal of steadiness in the long run. This progressive trend shows a curvaceous journey that bets on a brighter economic forefront. On April 23, 2024, the BSD exchange rate embarked on a rollercoaster ride. It started the day at 1.37085, and as the day progressed, it experienced various swings reaching a peak at 1.37288 by 20:05. However, the drama wasn''t over. After this, the BSD exchange rate fell to its lowest point of the day at 1.36744 by 19:55 before it remarkably shot to its all-time highs at 1.37360 by 23:45. The fluctuations in the BSD exchange rate provides an interesting perspective on the health of the Bahamian economy. The upward trend during early hours of the day reflects increased market activity, often related to the opening of Bahamian and other closely related foreign markets. Conversely, the decline observed in the afternoon signifies the close of Asian markets and the anticipation of market activities in European and US markets. The present increase in the BSD exchange rate mirrors aspects of steady recovery and certain optimism about the Bahamian economy, whereas, the slumps may signal existing vulnerabilities connected with economic conditions and the country’s dependency on external markets. These irregular fluctuations were driven by various economic factors both within and outside the country’s boundaries. It raises the usual balancing act between import and export demand, shifts in investor sentiment and the overall economic environment. Exchange rates are a barometer of a nation''s economic health and given that it reflects the economic performance of a country, it’s worth noting that the Bahamian Dollar held ground against unprecedented market pressures. Nevertheless, traders, investors, and analysts kept a close eye on the economic indicators to predict any likelihood of drastic pulls in the market. Holding their breaths, the market spectators witnessed a bullish trend, fulfilling their active day of trading. Looking forward, changes in exchange rates are an inherent aspect of an interconnected global economy, and the Bahamian Dollar is no exception to this rule. Holders of the Bahamian dollar, such as businesses, investors, and most importantly, the citizens, should remain watchful of this trend’s development. An informed approach to this can turn potential challenges into opportunities. Therefore, while the BSD exchange rate tells a story of swings, it also narrates a tale of strength and steadiness under uncertain times. The question remains, what does the market hold for the next trading session, and how well is economic stability guaranteed? Continually keeping an eye on the playing field, the world watches as the Bahamian economy unfolds its future chapters.Rollercoaster Ride of BSD Exchange Rates Continues

Current Middle Market Exchange Rate

For information purposes only.