2024-05-06 Bahamian Dollar News
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2024-05-05
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
Data Analysis
Upon analyzing the time series data for the exchange rate, we can draw several key insights:
1. Trend Analysis
The exchange rate initially shows a minor decrease in value but then it starts increasing with some fluctuation. There is no clear constant trend of increase or decrease but the rate seems to rise and dip intermittently over the given period of time. Therefore, it cannot be explicitly stated that the rates generally increase, decrease, or remain stable over the entire period as it displays an oscillating trend rather than a constant one.
2. Seasonality Analysis
In terms of seasonality or recurring patterns, it is challenging to make a definitive judgment without a more extended set of data. However, from the given dataset, there are no evident consistent patterns or cycles observed in the changes of exchange rates. The dataset does not suggest a particular seasonality in the rise and fall of the exchange rates.
3. Outliers
There are a few significant spikes and dips in the exchange rate that could be considered as outliers. These instances are where the exchange rates differ significantly from what would be expected based on the trend. However, these do not seem to impact the overall trend in any significant way and are more likely due to temporary circumstances or random volatility in exchange rates rather than an underlying systemic issue.
In conclusion, the exchange rate displays a varying trend over the period and does not display any clear seasonality. There are a few outliers but they do not appear to affect the overall performance significantly.
![Significant Fluctuations Mark BSD Exchange Rates In April 2024](http://currencymart.net/images/news/bahamian-dollar/2024-05-06/img-GdPgNC1BL5XM8BVVuB5eWLwl.webp)