2024-05-16 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:


After analyzing the dataset, here's what we have noted:

1. Overall Trend of Exchange Rates

From the dataset, we can see that the BSD exchange rate is fluctuating but leaning towards a slight downward trend from 1.36727 to 1.36933 within the given timestamps. A specific examination of the rate shows that it reached its highest point at 1.36976 and its lowest at 1.36 during this period. It should be noted that these fluctuations do not signify any significant economic shifts as the changes are relatively small.

2. Seasonality and Recurring Patterns in Exchange Rates

At first glance, it is notable that the data does not demonstrate a clear and recurring pattern within the given timestamps. The exchange rate appears to be influenced by a myriad of factors causing frequent up and down fluctuations. Seasonality isn’t easily noticeable from the data since it covers a relatively small time frame - less than a day. A longer-term dataset would be necessary to identify possible seasonal trends such as monthly or yearly trends.

3. Outliers and Significant Changes in Exchange Rates

The dataset contains minor spikes and troughs, which can be considered normal variations rather than actual outliers. The exchange rate peaked at 1.36976 and fell to its lowest at 1.36 which are regular in a fluctuating market. These variations do not seem to display any patterns that could denote significant changes or outliers based on the trend or seasonality.

In conclusion, the BSD exchange rate demonstrated variability within a certain range under normal market conditions. Its slight decrease in the day studied suggests different factors are continuously affecting the rate, stressing the importance of real-time monitoring for those involved in BSD currency trading.

id Market Uncertainties" In recent financial news, notable fluctuations observed in the exchange rate of the Bahamian Dollar (BSD) have left many market analysts and investors scanning the markets meticulously. The BSD, which has consistently shown high stability over the years, has encountered an unprecedented roller-coaster ride in its value over the last 24 hours. Starting from 1.36727, the BSD saw a gradual dip to 1.35919, marking a downward shift of__ 0.006%. This dip was noted between the hours of midnight and 8 pm on May 15, 2024. Many financial analysts attribute this price stint to the heightened market volatility and unexpected external economic factors affecting the global financial markets. Interestingly, the next couple of hours saw an extraordinary about-turn with the rate soaring to as high as 1.36976. This significant rebound is attributed to the market players’ timely response to the previous dip, leading to a sharp increase in purchase sentiment for the BSD. Market analysis revealed unfamiliar activity during the 8 pm to 10 pm timeslot. A surge of 0.00921 in the BSD was recorded – a turnaround rarely observed in such a limited period. This dramatic shift sparked interest among traders and investors, prompting a fresh round of heavy buying volumes for the BSD. However, despite roller-coaster fluctuations, the BSD was able to maintain its stronghold, closing at 1.36933. This clearly indicates that BSD withstood the turbulent economic environment, maintaining its credibility among forex traders. These recent shifts in the BSD exchange rate have brought to the forefront the capability of the BSD to weather unexpected external fiscal pressures. While some believe that the current volatility may present higher-risk, higher-reward opportunities for foreign exchange traders, other market watchers hold a more cautious viewpoint. Looking into future implications of this current scenario, traders and investors should be prepared for potential fluctuations in the BSD exchange rate. While the BSD''s reaction to market volatility has been impressive, it''s important to consider the possibility of similar fluctuations in the future. The recent developments underscore the importance of continuously monitoring the market while reinforcing the notion of risk and reward in financial markets. Those in the financial sectors will undoubtedly be keeping a watchful eye on the BSD as they navigate the ever-evolving landscape of exchange rates."BSD Exchange Rates Showcase Significant Fluctuations Amid Market Uncertainties"

Current Middle Market Exchange Rate

For information purposes only.