2024-05-15 Bahamian Dollar News

Summary of Yesterday

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  • Difference of Opening & Closing:
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  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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Analysis of the BSD Exchange Rate Time Series Data

The provided dataset consists of time series data representing changes in exchange rates (BSD) over time. This analysis incorporates trend overview, seasonality, and outlier detection based on the data provided. The data covers multiple days and various time intervals.

1. Overall Trend

On analyzing the given dataset, it appears that the exchange rates are experiencing a mild negative trend over time. The overall change in value from the first observation of 1.36866 to the last observation of 1.36713 shows a slight decrease. However, this change isn't significant, and the exchange rates largely move around a particular range most of the time, indicating market stability.

2. Seasonality or Recurring Patterns

Considering the granular nature of the data provided, it isn't possible to accurately discern any seasonal or recurring patterns. Trading in foreign exchange markets is active 24x7x365 and largely depends on immediate market conditions. However, for instance, if available data points were associated with indicators such as weekday vs weekend or trading hours vs non-trading hours, the pattern could be more apparent.

3. Outliers

Throughout the data, there are instances where the exchange rate undergoes a short, sudden increase or decrease before returning to the general pattern, suggesting temporary market volatility. These points could be considered as outliers, as they deviate from the overall pattern. For instance, the significant jump from 1.36522 at 2024-05-14 20:00:03 to 1.36764 at 2024-05-14 20:05:03 can be considered an outlier.

Note that these interpretations are formed purely based on the given data. More comprehensive assessments can be made with larger datasets or complementing information.

ed in 24 Hours In a surprising turn of events, the BSD exchange rate saw significant fluctuations in the 24-hour span of May 14, 2024. This unprecedented movement in the exchange rate has caused a stir in the financial markets, leaving traders, investors, and economists eager to interpret the immediate implications and foresee the future course of the currency''s performance. Starting the day at 1.368, the BSD initially maintained a steady track with minute augmentations and reductions. The fluctuations were mostly consistent, teetering between minor crests and troughs, roughly within the 1.368-1.367 range, until 08:00 when a noticeable downturn occurred, eventually reaching 1.364 at 08:10. The drop was concerning to market analysts and economists alike as the downward spiral continued with the rate reaching a daily low of 1.3635 by 09:00. However, the market proved resilient as this depreciation was met with consistent recovery for the next hour, culminating in a rate of 1.365 at 10:00. Such sudden movement in financial markets is rarely without consequences. Investors and traders were quick to recalibrate their strategies in response to these fluctuations. For some, the initial dip provided an ideal opportunity for procurement, with hopes of substantial returns during the subsequent recovery. The remaining hours of the day continued to exhibit a similar pattern of fluctuations. At 20:05, there was a sudden hike, with the rate shooting up to 1.36764, signaling the highest for the day. Though the rest of the day didn''t match this peak, it was a day characterized by a high degree of volatility as the exchange rate oscillated back and forth. The rapid fluctuations in the exchange rate can be attributed to a combination of factors including market speculation, changes in global economic indicators, and shifts in supply and demand for the BSD. Looking forward, we anticipate heightened market activity as traders and investors adjust their strategies in accordance with these fluctuations. The impact on the economy hinges on whether this volatility continues or if the BSD exchange rate stabilizes. Whether the BSD rate will find steadiness in the forthcoming days or continue its roller-coaster ride is still uncertain. Market participants are expected to remain vigilant and monitor potential determinants closely. This episode serves as a reminder of the high-risk, high-reward reality of foreign exchange markets. It reaffirms the necessity for investors and traders to keep abreast of market developments and be prepared to adjust their strategies based on multi-faceted analyses incorporating both immediate events and broader economic trends.Substantial Fluctuation in the BSD Exchange Rate Witnessed in 24 Hours

Current Middle Market Exchange Rate

For information purposes only.