2024-05-02 Bahamian Dollar News
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2024-05-01
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 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.
Outliers
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.
![Sharp Rise in BSD Exchange Rates Witnessed in Early May](http://currencymart.net/images/news/bahamian-dollar/2024-05-02/img-efagF5wr2XY4Va9qYj2a7SGx.webp)