2024-04-29 Bahamian Dollar News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend

The rate started from 1.35426 BSD at the timestamp of 2024-03-29 02:00:02 and ended up at 1.36632 BSD at 2024-04-26 14:00:01, which shows a slow and gradual increase over the period. However, it's important to note that there are fluctuations in the rates over the given period. The maximum rate was 1.38153 BSD at 2024-04-16 14:00:03, and the minimum was 1.34863 BSD at 2024-04-04 08:00:03. So the rates were not consistently increasing or decreasing but rather oscillated within the given range.

Seasonality and Recurring Patterns

Detecting a specific pattern or seasonality in the data set is not straightforward because of daily fluctuations. However, one pattern to note is there seems to be a circular rise and fall throughout the days, which could potentially indicate a response to market open and close hours - with people trading more at certain times of the day leading to changes in the exchange rate.


The highest exchange rate is at 1.38153 BSD at 2024-04-16 14:00:03, and the lowest is at 1.34863 BSD at 2024-04-04 08:00:03. These could be considered as outliers in the given dataset as they have a substantial difference from the rates around those timestamp. This indicates there were sudden increases and decreases in the rates at these particular times.

Please note - these rough descriptions are based on visual inspection of the dataset and more sophisticated statistical analysis may be needed for a precise understanding of the trends and outliers.


Contact a financial consultant or a statistician to have a deep understanding of the trend, and apply any financial strategies or actions based on this analysis.

April 2024 In early April 2024, the BSD exchange rate experienced significant volatility, swinging on both ends of the spectrum. This turbulent activity saw it begin the month at 1.35426 before plummeting to 1.34863 by 8th, subsequently recovering to a high of 1.37898 on the 15th, and finally, rounding off the month at 1.36632. Financial markets initiated the month with a relatively stable BSD, gently swaying between 1.35426 and 1.35715 in the initial days. However, the calm was precariously deceptive as the exchange rate took a sudden plunge on April 4th, dropping to a month low of 1.34863, a deviation that surprised many, deviating from average rates. The drop represented a significant 0.66% decrease, a significant shift in merely hours. The tumble was a catalyst for amplified instability as the market reacted and gradually drove the currency to rise, reaching a remarkable height of 1.37898 on the 15th. This represented a substantial 4.8% surge over a span of 11 days, against the backdrop of an early month low. Several underlying factors seem to have contributed to these fluctuations. Market sentiments were largely influenced by the ongoing geopolitical tensions and forecasts of the global economy, leading to heightened speculation and trading activity. Despite such volatility, the currency has shown resilience and adaptability, reflecting the inherent dynamism of the financial market. Risk-averse investors engaged in hedging activities during these inconsistency periods, testifying to the market''s impervious nature. What''s next, you may wonder? Predicting future rates accurately is an elusive ideal. However, examining this time-series data enables us to understand patterns, movements and help us make an informed guess. Market analysts already have their eyes trained on these shifts, considering broader financial and non-financial metrics like inflation, interest rate decisions by central banks and GDP growth rates. The coming weeks promise to be just as, if not more, volatile with numbers indicating a potential downward trend since reaching its mid-month peak. However, given the fluidity of financial markets and the myriad factors influencing currency rates, one can only hypothesize. As the month of April fully unfolds, investors, economists, and traders will undoubtedly monitor the BSD''s performance closely. The early month''s turbulence only underlines the necessity to do so. As ever in financial markets, preparation is key. Tracking exchange rate movements would play a decisive role in making sound, informed financial decisions or formulating effective policy responses. It''s safe to say the course of the BSD exchange rate will be a vigilant watch for everyone involved in the financial world.BSD Exchange Rate Navigates Through Turbulence in Early April 2024

Current Middle Market Exchange Rate

For information purposes only.