2024-04-26 Bahamian Dollar News
2024-04-25
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 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.