2024-05-01 Bahamian Dollar News
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2024-04-30
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
After an initial inspection of our data, it is clear that there are several fluctuations with rises and falls in the exchange rates. These are short-term and might be due to market volatility. Despite this, there seems to be a general increasing trend, especially apparent from the large jump in the exchange rate around 2024-04-30 07:40:02. Overall, the exchange rate seems to increase from 1.36796 at 2024-04-30 00:00:02 to 1.36882 at 2024-04-30 23:55:02.
Seasonality and Recurring Patterns
In terms of seasonality or recurring patterns, this dataset requires thorough time-series analysis to confirm any seasonality. From a high-level observation, there doesn't appear to be any consistent trend within shorter periods (for example, within a single day). The patterns seem to be more sporadic and likely influenced by exchange market factors and forces of supply and demand, rather than a recurring daily or hourly pattern.
Identification of Outliers
Placing emphasis on significant differences in the exchange rates, various notable sharp increases and decreases throughout this dataset can be identified. The most dramatic increase happens around 2024-04-30 07:40:02, a significant jump from 1.36707 to 1.37172. Such large swings in short periods could be considered outliers.
These outliers could have various explanations - they could correspond to release timings of financial reports/data, major economic events or announcements affecting currency value, or possibly even data errors - without additional information it's difficult to definitively state.
Please note that this high-level observation-based review will be enhanced by undertaking statistical analysis to validate and get deeper insights.![Rising Momentum in BSD Exchange Rates Signals Robust Market Activity](http://currencymart.net/images/news/bahamian-dollar/2024-05-01/img-M0eysdkSnQ8t3dSwWdZcVB0a.webp)