2024-05-17 Kyat News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Based on the data provided, the MMK exchange rate appears to have remained stable over the entire period. The consistent rate of 0.00065 indicates no fluctuations have occurred during the observed timeframe. This observation points to a highly stable and perhaps regulated market condition.
Seasonality and Recurring Patterns Identification
Given the consistent nature of the data, it's clear there's no existence of seasonality or recurring patterns in the changes of the exchange rates throughout the whole period. The consistent exchange rate of 0.00065 does not seem to exhibit any variation or pattern based on different times of the day or different dates.
Outliers and Unexpected Values
No outliers or instances of considerable deviation from the trend can be identified in this data. All values in the MMK exchange rate are identical at 0.00065, suggesting no abnormal or unexpected rates have occurred in the timeframe.
Additional Observations
Given the consistently static MMK exchange rate, it is important to consider external factors that might influence this. However, based on the instructions (i.e., analysis should not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news), it is not possible to infer any significant events leading to this consistency. Also, as this analysis is based solely on the provided dataset, a conclusive forecast for future rates is outside the scope of this exercise.
![Unwavering Stability Observed in MMK Exchange Rates amid Financial Volatility](http://currencymart.net/images/news/kyat/2024-05-17/img-bA86BzDtsfiqxAyErtbnXDmq.webp)