2024-04-26 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 The Exchange Rates

The data shows a fluctuating trend in the BSD Exchange rate over the entire given period. The exchange rate peaked at 1.3725 on April 25th, 2024 at 08:15:02 but dropped to its lowest point 1.365 at April 25th, 2024, 14:15:03. Despite these drastic highs and lows, the exchange rate appears to mostly revolve around the 1.366 to 1.372 mark overall. This suggests that while the exchange rates do fluctuate significantly, they tend to revert back to a central range.

Seasonality in Exchange Rates

In a single day, the data does not clearly demonstrate any recurring seasonal patterns or trends. While there are fluctuations in the exchange rate throughout the day, these do not appear to follow a predictable or repeating pattern. It is plausible, however, that trends may emerge if compared over spans of several days or weeks.

Outliers in the Data

Several outliers in the data can be identified where the exchange rate differs significantly from the expected range based on the overall trend of the data. For instance, the spike to 1.3725 at 08:15:02 and the sharp decrease to 1.385 at 14:15:03. Such instances appear to be exceptions and do not align with the predominant trends in the data. The reasons behind these exceptions could potentially be due to a variety of factors, such as market volatility, unforeseen economic events, or large transactions that temporarily skewed the exchange rate.

Remember that these findings are based purely on the trends and patterns within the provided dataset and do not account for external factors or events which may have influenced the exchange rates.

the financial world today, analysts bore witness to marked fluctuations in the BSD exchange rate. The figures in question were observed on April 25, 2024, over the course of 24 hours. This period saw the ebb and flow of rates with distinct peaks and troughs, indicating potential volatility in the BSD. Beginning the day at a rate of 1.37106, the BSD experienced gradual downswings, reaching a low point of 1.36566 close to midday. During the early morning trading hours, the currency showed signs of stability with marginal variances in the rate. However, as the day went ahead, the rate experienced sharp falls and intermittent rises, suggesting significant market activity around this time. One such pivotal moment saw a drastic decrease to 1.36676 at 06:25, indicating a substantial market event likely causing this fluctuation. However, the BSD then rallied against these bearish trends to reach a 1.3725 peak in late morning, implying it had weathered the earlier storm. Analysts noted that the BSD units exhibited strong resilience throughout the day, which has been characteristic of the currency''s performance over past months. The price fluctuations displayed during the day might have been unsettling for short-term investors, but for long-term ones, it was just another day in the BSD market. It is important to note these changes took place amidst a broader global context. On that day, several significant financial events might have contributed to the BSD''s apparent instability. These could range from policy changes, shifts in economic indicators, to alterations in international market trends - all factors contributing to the complexity of the exchange rate''s behaviour. The BSD''s April 25th story underscores the necessity for investors and stakeholders to remain not only reactive but also proactive in their approach to navigating the ever-changing nature of financial markets. It highlights the inherent unpredictability, highlighting the need for adept trend spotting, thorough analysis, and sharp intuition in currency trading and investment. Moving forward, market watchers and investors will undoubtedly maintain a close eye on the BSD. Even more so for such rapid-fire changes in exchange rates pose both challenges and opportunities. While some may keep their distance from a seemingly unstable currency, others may see the state of flux as an opportunity, signifying potential for substantial return on investment. In conclusion, only time will tell how the BSD will perform in the future. At present, the BSD continues its journey on the economic seas, sailing through periods of rough waters and calm tranquility, a testament to the ever-evolving world of global finance.BSD Exchange Rate Logs Significant Fluctuations

Current Middle Market Exchange Rate

For information purposes only.