2024-05-08 Kyat News
2024-05-07
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. General Trend Analysis
From the data provided, the exchange rate (MMK) remained stable at 0.00065 at every timestamp recorded for the date 2024-05-07. This stable trend means the exchange rate did not increase or decrease during this 24 hour period. Stability in exchange rates is often seen when the currency is either pegged (fixed) or the market has low volatility.
2. Seasonality Analysis
Given the consistent rate throughout the entire day, we cannot identify any meaningful seasonality or recurring pattern in the data provided. Typically, significant changes in exchange rates during certain hours or days may indicate a pattern or some form of seasonality influenced by factors such as market opening hours or the release of key financial reports. However, the stability of the MMK exchange rate throughout the day suggests that it is either unaffected by these factors or that such influences balanced each other out. Further investigation in a larger dataset or over an extended period is required to identify seasonal patterns.
3. Outliers Analysis
As the MMK exchange rate remained constant at 0.00065 throughout the entire period, there were no observed outliers or significant deviations from the median value. Typically, an outlier could indicate a period of extreme volatility, a major event, or simply an error in data entry. In this scenario, with a consistent exchange rate over the entire day, no such instances were observed.
