2024-05-22 Belize 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:

Trend

Overall Trend of the Exchange Rates

Studying the exchange rate data, it is perceivable that the BZD currency rate fluctuates within a relatively small range. The maximum value it reaches is 0.67803 while the minimum value is 0.67535. Based on these values, there isn't a strong consistent upward or downward trend. The rate goes up and down, but it generally stays within this narrow band.

Seasonality or Recurring Patterns

The dataset shows that the BZD rate frequently fluctuates throughout the day. There are short periods of rising and falling rates, suggesting some cyclicality on a daily level. However, with the given data it is difficult to discern a clear recurring pattern or trend.

Identifying Outliers

The data ranged between 0.67535 - 0.67803, suggesting that the BZD exchange rate did not vary significantly within the timeline. Considering the narrow range of fluctuations, it's unlikely that outliers appear in this dataset

To identify outliers with a high level of precision, more sophisticated statistical analyses could be used. However, given the parameters you set - only reported exchange rates over a single day, and no analysis of external factors - there's not likely to be significant outliers. Moreover, single day data does not provide adequate information about possible long-term trend or seasonality.

Consideration Factors

There are other factors that could affect the analysis significantly but are not in the scope of this analysis as per your request. For example, the market opening/closing hours could directly affect the exchange rate. Additionally, certain news or financial reports might dramatically influence the currency rate. Keep in mind that such external factors are not considered in this assessment.

On May 21, 2024, there was a keen anticipation in the financial markets when it was observed that the exchange rate of the Belize Dollar (BZD) was experiencing a series of micro-fluctuations. While there was no dramatic rise or fall, the changes were still momentous. Tracking numbers every five minutes from midnight through to midnight later that day, financial analysts noticed a remarkably steady yet slightly undulating trend, like a gently rolling hillside. As the day began, the exchange rate stood at 0.67593, a relatively healthy figure considering the current economic climate. Through the wee hours of the morning, the rate maintained a stable pace around the 0.675 mark with marginal ups and downs, but at 07:35 AM, it hit the day''s peak of 0.67688. However, the rate shortly dropped to 0.67535 within 30 minutes ago, making it the steepest drop within the day. This pattern of spontaneous fluctuations continued almost throughout the day, reflecting the state of global economic activity and demand and supply of currency in the international forex market. However, it''s important to note that a definite pattern of recovery was noticed during the day where sudden falls were almost immediately followed by gain, which attests to the strength of the BZD in the currency market. The occurrence of such micro-fluctuations is not uncommon in financial markets, yet tracking and analyzing these minute changes is both an art and a science, requiring a keen understanding of intricate economic factors. Micro fluctuation strategy, an undeniable mainstay in the trade market, rides on such deviations and has proven beneficial to those with the ability to speedily react to the dynamics of the market. Interestingly, despite the series of ups and downs, the BZD closed at a higher rate than it opened. It concluded the day at 0.6765, indicating a slight appreciation against the baseline, which can be attributed to market correction after a day of active trading. As we look ahead, the question remains whether these micro-fluctuations signal an impending significant shift in BZD valuation or if they merely represent a short-term market phenomenon. Market spectators and participants should keep a close eye on both global and domestic economic indicators as these will influence the future direction of the BZD. In conclusion, fans of the minute-theory trading strategy might have found May 21 an exhilarating day. The BZD''s journey on this day underscores the importance of staying on top of market movements, no matter how seemingly insignificant they may be. After all, in the financial world, even a micro shift can result in a macro impact. Micro Fluctuations Observed in BZD Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.