2024-05-02 Barbados 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:


At a glance, the data provided consists of timestamp and corresponding 'BBD' exchange rates. After performing a time series analysis, here are the findings:

1. Understanding the overall trend

It appears that the 'BBD' exchange rate fluctuates over this period, starting at 0.6779 and reaching a high point of 0.6827. The exchange rates generally seem to exhibit a minor downward trend initially, followed by an upward trend, and later stabilizing again. There's a notable increase around the 2024-05-01 06:25:02 timestamp where the value jumps from 0.67744 to 0.68201. However, no high-frequency, consistent upward or downward trends are discernible from the data provided.

2. Identifying seasonality

Given the rather extensive and detailed dataset, it's challenging to discern a clear pattern of seasonality over this time frame without applying more advanced statistical methods. However, there appear to be multiple smaller fluctuations within certain intervals which could suggest a daily cyclical pattern related to trading hours, but this requires more intricate analysis.

3. Noting outliers

The most significant outlier in this dataset appears at the timestamp 2024-05-01 06:25:02 where the 'BBD' exchange rate suddenly increases from 0.67744 to 0.68201. Other potential outliers exist, but to confirm their exact nature, we would have to normalize the data and identify points that significantly deviate from the mean.

Bear in mind that the conclusions here are primary observations and for a thorough and accurate analysis, complex statistical methods need to be applied.

1> The month of May 2024 has seen noticeable volatility in the exchange rate of the Barbados Dollar (BBD), presenting a phase of significant fluctuations that have been of keen interest to market watchers and investors alike. Starting the month with a comparably stable phase, the BBD exchange rate predominantly hovered around 0.677 to 0.678. However, this situation witnessed an unexpected change on the morning of May 1st, 2024 around 06:25 am - a sharp surge in the BBD exchange rate to 0.682 was recorded. This sudden increase signaled an unfolding of an intriguing episode in the month''s financial story. During the day, the BBD rate demonstrated considerable resilience around the 0.681 to 0.682 range, indicating a stronger performance than the initial phase of the day. Despite minor fallbacks, it maintained a noteworthy consistency in the higher bracket. Nevertheless, as the evening descended, the market started showing signs of an unexpected downturn. Around 13:20 pm, a significant drop to 0.68145 was noted, marking the beginning of sudden downward spiral. By the evening of May 2nd, the rate further plummeted to the 0.679 range, clearly indicating a weakening BBD and marking the end of its daytime streak. The oscillating value of BBD over the course of May 1st, 2024, reflects the dynamic nature of financial markets, consistently influenced by various domestic and international factors. These fluctuations might have been a result of a myriad of factors including changing market sentiment, global economic events, national economic indicators, or monetary policy decisions. While this detailed assessment provides a thorough insight into the day''s proceedings, it''s also important to consider the broader implications. For businesses and investors dealing in BBD or with Barbados’ economy, these fluctuations present both potential risk and opportunities. An understanding of the patterns and potentials underlying these changes is critical for making informed financial decisions. Going forward, market analysts and onlookers will be keen on observing whether these fluctuations are an indication of a new emerging trend or just a temporary anomaly in the otherwise stable journey of the BBD. As we delve deeper into May, the subsequent trajectory of the BBD exchange rate will be awaited with immense interest. In the ever-evolving world of financial markets, preparedness holds the key. Therefore, close monitoring of BBD''s market movement and understanding the nuanced implications of its shifts will play a crucial role in strategizing for future endeavors in the financial arena.Significant Shifts Mark BBD Exchange Rate in May 2024

Current Middle Market Exchange Rate

For information purposes only.