2024-05-02 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 Exchange Rates

The overall trend of the exchange rates is showing a bit of volatility, though there appears to be an overall increase. The data starts from a rate of 1.36875, spikes to 1.36911 initially, then trends downwards towards 1.36780, and then sharply raises to 1.37728. After that, the rates seem to experience several fluctuations again before it ends up at the rate of 1.37789. These trends suggest that while the exchange rate isn't stable across the dataset, it does see a marginal increase from the start to the end.

Seasonality and Recurring Patterns

With the provided dataset, it is difficult to draw a definitive conclusion about any recurring seasonal patterns without a more extensive dataset or domain-specific knowledge. However, some level of alternating dip and peak can be noticed over certain periods, so there is a possibility that hourly or daily patterns may exist.


Upon reviewing the data, a few potential outliers were identified. These include several instances where there were considerable spikes or falls in the exchange rate. For instance, there is a significant rise from 1.36783 to 1.37707 in a short period, and later from 1.37328 to 1.37846. Similarly, there are dramatic falls too like from 1.3771 to 1.37599, and from 1.37669 to 1.37339. However, these observations should be validated or supported by further data and context to confirm their outlier status.

/h1> In a surprising turn of events, the BSD exchange rates have registered a significant surge in the first week of May 2024. According to recent market data, the rates have oscillated and witnessed a noticeable increase, offering both potential risks and rewards for market participants. The BSD began the month with a rate of 1.36875 and until mid-day was fluctuating within a narrow range. However, the mid-morning hours saw the rate climb steadily, peaking at 1.36902. The rate then saw a slight dip before taking an unexpected turn. After 06:00, the exchange rate climbed to a new level, hovering around a new benchmark of 1.377, exhibiting an overall bullish behavior for the duration of the day. This sudden increase in the BSD exchange rates could significantly impact the market, particularly for forex traders who depend on these rates for their daily operations. The gains in the BSD can offer profitable opportunities for those who can leverage these rates effectively. Analysts believe that this upward trend could be as a result of several macroeconomic factors that have influenced investor sentiments in favor of the BSD. These factors could range from positive economic data, favorable government policies, or even global economic trends that have made the BSD more attractive to investors. Additionally, it signifies a strong and robust financial system that can attract foreign investors, further strengthening the BSD. While the surge could mean higher returns for short-term traders, it also implies potential risks. Any sudden change in the market conditions can result in rapid swings in the exchange rate, leading to unpredictability. Therefore, it necessitates careful assessment and risk management strategies by investors. The rapid rise also prompts questions about the sustainability of these rates. If the rates continue to rise, it could signify an overheating economy that could lead to inflationary pressures. However, if this is a temporary spike, the rates might correct themselves over time, bringing stability back to the market. Going forward, investors and market watchers should monitor the financial news and economic indicators closely. The macroeconomic environment, domestic financial policies, and global economic trends will play a significant role in determining the future trajectory of the BSD exchange rates. This noteworthy surge in BSD exchange rates underscores the dynamism of the financial markets. It demonstrates that, while such fluctuations may present challenges, they also offer opportunities for profit for those willing to navigate the twists and turns of the market. As always, cautious optimism and carefully considered strategies should guide those who wish to take advantage of these changes. Sharp Rise in BSD Exchange Rates Witnessed in Early May

Current Middle Market Exchange Rate

For information purposes only.