2024-05-10 Kyat News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Comprehensive Analysis
Based on the given data, the analysis of the currency exchange rate (MMK) at different time intervals has been performed. Here are the detailed results and insights:
Overall Trend of Exchange Rates
Based on the provided data, the exchange rate of MMK remained consistent throughout the time frame observed. There were no significant fluctuations, and the exchange rate remained stable at 0.00065. This is a rare occurrence in financial markets, indicating no systemic changes influencing the value of MMK during this period.
Seasonality and Recurring Patterns
As the provided data shows continuous recurring values, no identifiable seasonal or cyclical patterns could be recognized in the changes of exchange rates. The consistent value of 0.00065 is observed at each timestamp.
Outliers or Significant Deviations
Considering the provided data, no outliers or significant deviations have been noticed. This means the exchange rates have not experienced sudden or extreme changes and have remained stable throughout the analyzed period. This steady state suggests a market balance and implies that demand and supply forces might have been constant during this timeframe, with no impact from unforeseen events.
Please, note that the analysis was conducted based solely on the given data, without considering external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
Conclusion
In summary, the extensive analysis of the dataset reveals that the exchange rate of MMK against the other currency was consistently stable at 0.00065 during the period analyzed. Sheer steadiness of the rate indicates unaffected forces of the foreign exchange market within this duration. However, the absence of variations eliminates the chances to recognize any patterns, trends, or outliers.
![Steady MMK Rates Establish Firmer Footing for Myanmar](http://currencymart.net/images/news/kyat/2024-05-10/img-r6KtbFlKObyU7uyaDNvUljsk.webp)