Consistent MMK Exchange Rate Interprets Market Stability
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Preparation
Before we start the analysis, we need to process the data. As we can see, the data is structured in a way where every two entries represent a timestamp followed by a corresponding exchange rate (MMK). We can rearrange this data into two columns for easier analysis.
Data Analysis
- Trend Analysis: From looking at the data, we can observe that the exchange rate remains constant throughout the timeframe provided. With every given timestamp, the MMK exchange rate remains at 0.00065. Therefore, we can conclude that the overall trend of the exchange rate is stable, with no noticeable increase or decrease.
- Seasonality Analysis: Due to the static nature of the given exchange rate, which stays at 0.00065 throughout all timestamps, we cannot detect any seasonality or recurring patterns in this dataset. Any fluctuations in exchange rates that could correspond to specific recurring time periods would indicate seasonality. But with no variation in the exchange rates, seasonality cannot be determined.
- Outliers: In this dataset, there are no outliers as the exchange rates remain constant for all the given timestamps. Normally, an outlier in exchange rate fluctuations would suggest a drastic and sudden change from the rest of the dataset; however, in this case, all figures are uniformly 0.00065.
Key Takeaways
The exchange rate (MMK) has shown a stable trend with no observable increase, decrease, or recurring patterns. With a constant exchange rate, no outliers have been identified for this given time period. This might indicate a steady market condition with low volatility for the currency in question.
Note that this analysis is purely based on the provided data and does not consider potential impactful factors such as market opening/closing hours, weekends/holidays, or the release of major financial news and reports. Furthermore, the analysis does not include any forecast for future rates.
![Consistent MMK Exchange Rate Interprets Market Stability](http://currencymart.net/images/news/kyat/2024-05-14/img-2BFHzJrRxiO2DcpPi3ZS6YPh.webp)