2024-05-06 Barbados Dollar News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Looking at the data provided, we can conduct a comprehensive analysis of exchange rate behavior over the period captured. Here we go:

Overall Trend of Exchange Rates

From the data provided, it is clear that there's a noticeable fluctuation in exchange rates throughout the period. The exchange rate oscillates between values near 0.67 and ones near 0.68. This suggests that there's no strong increasing or decreasing trend visible in this particular dataset. Over this set duration, one can describe the exchange rates as generally stable with minor variations.

Seasonality or Recurring Patterns

Seasonality refers to predictable changes that recur every calendar year. From this data alone, there's an insufficient time span to definitively ascertain any annual recurring trends or seasonal patterns. However, it's worth noting that there are regular fluctuations in the data which could indicate daily or weekly cycles but further analysis or more data is required in order to confidently attest to this.

Outliers in the Exchange Rates

While there are fluctuations in the exchange rates, it's not immediately clear from this data whether there are any significant outliers. The observed changes appear to be within a reasonable range given the nature of exchange rate behavior. However, we need to acknowledge that determining an outlier can be subjective and is dependent on further statical analysis.


The aforementioned analysis of exchange rates doesn't take into consideration external factors such as market opening and closing hours, public holidays or weekends, the release of key financial news and reports, or substantial world events. Such factors can have a substantial impact on currency exchange rates and can lead to significant changes that may alter the patterns identified above.

Over a Month April was an exciting month for participants in the BBD currency market. The dynamic shifts in the exchange rate recorded in the past month were nothing short of phenomenal, unveiling unpredictable trends, unveiling a roller coaster ride of fluctuations that kept investors and brokers on their toes. Starting gently at an exchange rate of 0.67086 on April 5th, 2024, the BBD observed a slight depreciation over the first few hours. It subsequently rallied to a stronger position of 0.6731 later in the day. This unpredictable nature persisted throughout the month. As the days rolled by, the exchange rate continued to oscillate, hitting a high of 0.683 on April 12th, 2024, before falling back to 0.67002 on April 10th. This was the lowest ebb of the month. Although April 10th signaled a potential crisis, the recovery was quick, with the rate hitting a peak of 0.683 again on April 15th. Analysts noted that these significant fluctuations are indicative of inherent market instability, presenting both opportunities and threats to investors. The thrill of the potential gain and the fear of the unpredictable loss defined the atmosphere in the BBD market. Zooming into the future, eyes are on the upcoming market trends. As the rate stabilized at 0.67762 towards the end of the month, followed by a slight rise to 0.67995 on April 30th, traders and stakeholders are keen on tracking this increment and its potential. Prof. James McMiller, a renowned economist, stated, "This degree of fluctuation within a month is quite rare, but it elucidates the dynamic nature of financial markets. It''s crucial for policymakers and investors to cautiously consider these movements when making decisions." The BBD''s fluctuation throughout April underscores the importance of real-time and accurate data in financial decision-making. It also emphasizes the need for vigilant monitoring and understanding of these trends to minimize loss and maximize profit. Rumors are rife about potential shifts in monetary policies in the coming weeks, a development that could impact the BBD''s exchange rate. The market''s eyes are peeled on this development closely. This significant twist and turn observed in April throw up critical questions. Will this trend continue in May? Could the exchange rate stability witnessed towards the end of April be the calm before another storm? The ball is in the court of the financial analysts, pundits and investors at large. Their meticulous observance and precise interpretation of these data could make all the difference in how prepared they are for the BBD''s journey in May. Indeed, only time will lead the dance of the digits and ultimately unveil what lies in the belly of tomorrow for the BBD.Significant Fluctuations observed in BBD Exchange Rates Over a Month

Current Middle Market Exchange Rate

For information purposes only.