Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend of the Exchange Rates
Based on the data provided, the exchange rate of MNT appears to be relatively stable, hovering around the same value. There are some fluctuations observed, with occasional dips and rises, however, the overall trend does not exhibit any drastic upward or downward movements. The most common value appears to be approximately 0.00039 or 0.0004, which suggests a consistent rate over the examined period.
Seasonality or Recurring Patterns
As it pertains to clear and recurrent seasonality, the data does not provide strong evidence for any. The values appear to be randomly distributed, with no specific pattern repeated over the course of days or specific times. As a result, it's tricky to predict future rates based on a repeating pattern throughout the dataset.
The data provided does not display significant outliers, as the MNT exchange rate doesn't deviate drastically from the average rate of 0.00039 to 0.0004. Therefore, it's safe to say that there are no instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
Despite not being required for this analysis, for future reference or for a more detailed analysis, considering external factors such as market opening/closing hours, weekends/holidays, and the release of key financial news and reports can be beneficial for a comprehensive financial analysis. These factors often contribute to volatility in exchange rates and can provide valuable context to the data.
In conclusion, the MNT exchange rate appears to have been largely steady over the examined time frame, with no significant outliers or clear seasonal patterns being observed. This might suggest a stable financial environment during this period. As always, it's advisable to consider external factors for a more comprehensive view of the financial landscape.