2024-05-20 Bahamian Dollar News
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2024-05-19
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
Overall Trend of the Exchange Rates
The overall trend of the exchange rates for the given dataset appears to be a fluctuating one, with both increasing and decreasing movements observed over the time period data was collected. A consistency in the exchange rate maintaining a particular trajectory upwards or downwards was not observed. While the highest value of the exchange rate during this period is 1.37796, the lowest value drops to 1.35919, suggesting a fluctuation in exchange rates. However, a majority of these values tend to cluster around the 1.37 mark. Therefore, an investor or a trader would need to track these rates constantly to make informed decisions due to the lack of a clear, consistent trend.
Seasonality or Recurring Patterns
As for the seasonality or recurring patterns, this time-series data may require a more sophisticated analytical approach such as a spectral analysis or auto-correlation function (ACF) plot to identify any consistently recurring peaks and troughs. However, at first glance, no clearly notable seasonal patterns or cycles can be discerned from the data provided. Therefore, it appears that the BSD exchange rate doesn't exhibit any obvious trappings of seasonality during the course of these timestamps.
Notable Outliers
Upon examining the dataset, there are times where the fluctuations in the rate are significant and could be considered as outliers. For instance, the leap from 1.36709 on 2024-05-09 18:00:03 to 1.37442 at 2024-05-09 22:00:01, and the subsequent fall to 1.36495 on 2024-05-10 08:00:03 could be considered as unusual spikes in the exchange rate within a short period of time. Similarly, another significant drop can be observed on 2024-05-15 from 1.36878 at 22:00:02 to 1.35919 by 2024-05-15 20:00:02. Undefined factors may have contributed to these sudden changes.
All in all, this exchange rate data presents a constantly changing picture, with no clear upward or downward trend or seasonal cycles, and contains several significant outliers for reasons not readily apparent in the data provided.
![Major Swing in BSD Exchange Rate Observed Over Weeks](http://currencymart.net/images/news/bahamian-dollar/2024-05-20/img-h1H3TscWUzwpHdrCHzY9Ehw5.webp)