2024-04-29 Bahamian Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
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.
Outliers
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.
Important!
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.
![BSD Exchange Rate Navigates Through Turbulence in Early April 2024](http://currencymart.net/images/news/bahamian-dollar/2024-04-29/img-LHefTG5ux9fu5iemoTurnFlU.webp)