2024-05-14 Bermudian 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:


Overall Trend of the Exchange Rates

Upon examining the complete time-series dataset, it appears the exchange rate has experienced minor fluctuations throughout the given period. While there are occasionally some increases and decreases, the general trend seems relatively stable, staying within the range of 1.36639 - 1.36855. There isn't an evident upward or downward solid trend.

Seasonality or Recurring Patterns

In terms of seasonality or recurring patterns, the data does not display a clear-cut daily or hourly pattern - changes in the exchange rates do not seem to be dependent on specific times in a given day. However, we notice cyclical oscillatory fluctuations which indicates some pattern may exist but is not directly visible through the provided dataset context, suggesting additional factors outside of the given dataset could be influencing.


Outliers in a dataset are not always immediately evident, particularly in time-series data such as this which naturally experiences fluctuations. There don't appear to be any significant outliers in the dataset where the exchange rate differs drastically from the trend. Certain periods experience minor rate spikes or drops, but all within a consistent range. It is fair to say this dataset did not present with substantial outliers.

Note that for a more complex and detailed financial analysis, additional in-depth techniques such as statistical modeling to identify underlying trends, extrapolation for prediction, or machine learning approaches may be employed.

Rate During the early hours of May 13th, 2024, the exchange rate of the Bermudian Dollar against its trading partners experienced minute oscillations, registering both dips and rises in value. Commencing at 00:00:02, the exchange rate was at 1.36825, which indicated the currency''s opening performance. As the day unfolded, the exchange rate demonstrated slight variability, with a minor decrease occurring by 00:05:01 to 1.36823. This trend persisted throughout the day with disperse increases and reductions, reflecting the often capricious nature of the foreign exchange market. By 01:00:02, a peak of 1.3684 was observed, emerging as a notable change during the day. Nonetheless, this rise was not sustained for long, with a subsequent slump being observed to 1.36795 at 01:20:02. Predominantly, the exchange rate throughout the day signified minute fluctuations, undulating within a confined range. These fractional changes are indicative of how traded currencies, such as the Bermudian Dollar, can ever so slightly transform their value against other currencies throughout a single day. These changes, albeit minimal, are of utmost significance to forex traders, economists, and policymakers who seek insight into market trends and potential influences on trade balances. On the other hand, these dynamics in exchange rates also project implications onto the international financial sector. Even slight shifts could dictate the economic directions of myriad corporations and traders entrenched in international operations, specifically those involved in the forex market. Moreover, persistent instability can generate an atmosphere of uncertainty, potentially inducing economic anxiety in stakeholders and market observers worldwide. Following this analysis, it is also pertinent to consider the potential driving forces behind these minor flutters. The nature of forex trading, influenced by an aggregation of diverse factors ranging from economic indicators, geopolitical events, to interest rates dynamics, can instigate such volatility. Looking ahead, the Bermudian Dollar''s performance and its corresponding implications will be closely observed by international stakeholders. The slightest shift in the rate could reveal cues towards potential trends not only in Bermuda''s economy but also in the broader global monetary orchestration. Observers and investors will be advised to stay vigilant for subsequent developments that might influence the currency''s future trajectory. This analysis underscores the interconnectedness of the contemporary global economy and the importance of constant monitoring even for the minutest financial data points. In conclusion, this day-long fluctuation of the Bermudian dollar signifies the intricate dynamics and volatile charm of currency markets worldwide, attesting to their foundational role in global trade and economics.Subtle Fluctuation Observed in Bermudian Dollar Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.