2024-05-21 Kyat News
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2024-05-20
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
Understanding the Overall Trend
From the data provided, it can be observed that the MMK exchange rate for the given period is consistently stable at 0.00065. This indicates that the overall trend over this time shows no increase, decrease, or fluctuation. Stability in exchange rates can be telling of the economic conditions during this period, however, without additional data or context, it is hard to make definitive conclusions.
Identifying Seasonality and Recurring Patterns
With respect to identifying any seasonality or recurring patterns in the exchange rate, the dataset does not show any significant change in the rate at any particular time-stamp. The MMK exchange rate is recorded at 0.00065 consistently, with no variation. Therefore, no identifiable pattern of seasonality or recurrence can be established from this dataset alone.
Noting any Outliers or Abnormalities
Similarly, due to the consistent stability of the MMK exchange rate at 0.00065, the dataset does not contain any outliers. This could suggest that the economic conditions and the currency market remained remarkably stable over this period, leading to the consistent exchange rate.
Please note that this analysis is limited to the dataset provided and does not take into account external factors such as market conditions, geopolitical events, changes in economic policy, or other elements that traditionally influence exchange rates.
![Steady MMK Exchange Rate Maintains Consistency Amid Market Fluctuations](http://currencymart.net/images/news/kyat/2024-05-21/img-1I081Gu8CF4Ol9iIa8nJQijg.webp)