2024-04-16 Barbados Dollar News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Data Overview:

The provided dataset includes changes in the BBD currency exchange rate over a period of day, ranging from 00:00 to 23:55. Exchange rates are recorded approximately every 5 minutes, providing a granular view of how the rate evolves over the course of a day.

Overall Trend:

    The BBD exchange rate experiences mild fluctuations over the course of the day. The rate began around 0.68144 at midnight and ended slightly lower at 0.68093 by midnight on April 15, 2024. There is no significant overall increase or decrease in the rates over the period shown. Instead, it appears to fluctuate within a range. This suggests the exchange rate is relatively stable over this brief period.


    Considering the short duration for which the data has been provided, it is not exactly possible to identify any broader seasonal trends. However, if we look for recurring patterns within this single day data, we observe minor troughs and peaks over regular intervals. This fluctuation may be influenced by trading hours and periodic updates in financial information within a day. Hence, any potential recurring pattern needs longer term data for validation.

Presence of Outliers:

    There was not any significant outlier that could be detected in this dataset. Every reading is within a close range of the others, suggesting the data is fairly consistent. However, there is a slight dip in the exchange rate around 20:05 timestamp where it abruptly falls to 0.68065, which might be an anomaly or could be attributed to a particular event or market reaction.

Final note: It's important to bear in mind that exchange rates can be greatly affected by external factors like geopolitical events, market opening/closing hours, weekends/holidays, and financial news and reports, though these factors were not consider in this brief analysis.

ent Performance In a display of the unpredictability characteristic of financial markets, the BBD exchange rate demonstrated remarkable fluctuations on April 15, 2024, reflecting an interesting day in the financial markets triggered by various internal and international influences. The day began with the BBD exchange rate standing at 0.68144. Following a slight upward trend in the early hours of the morning, it was marred by unexpected depreciations registering a low of 0.68047 at 03:20 a.m. The downtrend was, however, short-lived, with a move towards recovery becoming apparent by 07:55 a.m., at 0.68121. At the peak of trading hours, the BBD rate saw an impressive rally towards the bullish territory. The rate achieved a mid-day high of 0.68289 at 12:50 p.m., which was an intriguing development for investors and financial market watchers alike. Factors contributing to this rise would likely include international market trends, economic indicators, and relevant policy announcements. As the afternoon slowly transitioned into the early evening, the exchange rate consistently remained above 0.683, a resistance threshold that it had only successfully tested once throughout the day. A sudden plunge was noted at 8:05 p.m., with the rate dipping to 0.68065. The cause behind this sudden drop is unclear at the present moment and warrants further investigation. The fluctuations witnessed during the day''s trading activity serve as a reminder of the volatility inherent in the financial markets. The numerous variables affecting exchange rates make their prediction a challenging, though decidedly alluring, venture. What is likely to intrigue investors and market analysts alike is the undeterred resilience demonstrated by the BBD. Despite bearing the brunt of several fluctuations, it managed to stay afloat and finish at 0.68093 by the end of the day. This day''s performance of the BBD exchange rate emphasizes the need for investors to stay informed about a wealth of factors, ranging from economic indicators and market trends to policy changes and world events. It reaffirms how market dynamics are never isolated from broader global contexts and trends. Looking forward, traders and investors are awaiting more data to gauge the performance pattern and try to predict future trends. Monitoring the market closely will provide essential insights about whether this series of fluctuations was a temporary incident or a sign of more dramatic swings to come. While the events of April 15, 2024, remain unpredictable and intriguing, they demonstrate the resilience of the BBD throughout a tumultuous day. It serves as a testament to the multifaceted nature of financial markets that are not for the faint-hearted but provide ample opportunities for those willing to navigate their complexities.Unexpected Fluctuations Mark BBD Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.