2024-05-22 Bahamian Dollar News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
To analyze the data provided, I will evaluate the change in the BSD exchange rate over each timestamp and look for trends, variations, and potential outliers in the dataset.
1. Understanding the overall trend
Upon initial review of the dataset, it is noticed that the BSD exchange rate varies between ~1.361 and ~1.366 over the given period. While no persistent increasing or decreasing trend can be deduced at this stage, it is crucial to more thoroughly analyze the factors that influence these variations.
2. Identifying seasonality
Without considering external influences such as market hours, news etc., it is difficult to identify clear patterns in this dataset as the variations seem to happen randomly without an evident repeatable pattern. However, a deeper investigation might reveal certain time slots experiencing slightly higher volatility than others.
3. Noting outliers
Outliers or sudden substantial fluctuations in the BSD exchange rate are not immediately apparent in the dataset. While minor ups and downs are present across the timeline, no instances of significant changes, which would deviate greatly from the general observed range, are apparent.
In conclusion, this initial analysis provides a broad underpinning of trends and fluctuations in the BSD exchange rate as per the data provided. A more comprehensive analysis may require advanced statistical procedures and considerations of additional factors.
![Significant Volatility Observed in BSD Exchange Rates](http://currencymart.net/images/news/bahamian-dollar/2024-05-22/img-JNJlvNEqkW6gW3mIPoUYfTli.webp)