2024-05-21 Bahamian Dollar News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Based on the data, it is apparent that the exchange rate has displayed significant upward and downward movement over the period under review, indicating a volatile element in the rate's evolution. There are periods of steady appreciation followed by times of decline, suggesting that the rate does not trend strictly in any direction over the long term. A deep dive analysis could reveal more precise trends.
Seasonality or Recurring Patterns
The dataset does not cover a full year, so it is challenging to definitively determine any annual seasonal pattern. However, some recurring intraday patterns can be seen. Exchange rates seem to have fluctuations within specific hours, typically with increases followed by decreases, indicating potential time-of-day effects. Further analysis would be required to confirm these patterns, primarily because the exchange rates for currencies are influenced by many external factors.
Outliers and Unexpected Rate Changes
Throughout the course of the data set, there are moments where the BSD rate varies considerably from its current course. One notable example is the significant decrease that occurs around 2024-05-20 06:20:02 from 1.36612 to 1.36114. Another instance of an unexpected change can be seen where the exchange rate sharply increases around 2024-05-20 21:05:02 from 1.36135 to 1.36281. These moments may indicate developments or shifts in the market that could influence exchange rates. Further in-depth exploration using more sophisticated statistical tools could be of interest to identify these points more accurately.
Please note that this analysis is based on the data provided and does not take into account other factors that can influence exchange rates, such as monetary policy decisions, economic indicators, and geopolitical events. Future forecasts were not created in line with the given instructions.
