2024-05-03 Kyat News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates:
Upon examining the time series dataset, the overall trend of the MMK exchange rates appears to be stable throughout the given period. For the most part, the exchange rate remains steady at 0.00066, before slightly declining to 0.00065 around 2024-05-02 06:20:02. The rate then appears to remain constant at 0.00065 for the remainder of the provided dataset. This consistent behavior indicates a largely stable exchange rate environment for MMK during the mentioned timestamps.
2. Identifying any seasonality or recurring patterns:
Based on the data provided, it doesn't appear to be any significant seasonality or recurring patterns in the MMK exchange rates throughout the period covered by the dataset. The rates remain largely stable with only a slight decrease observed one time. It's important to note that detecting seasonal patterns typically requires data over a more extended period, such as multiple years. In absence of such requirement here, seasonality cannot be observed in this case.
3. Noting any outliers:
An outlier is a data point that differs greatly from other similar observations. For the provided MMK exchange rates, there appeared to be no extreme values or outliers in the dataset. The rates remain consistent within a very narrow range, and all observed changes are marginal. It implies that the currency's value is relatively steady, with no significant fluctuations that would distort overall trend analysis.