2024-04-29 Tugrik News
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trends in Exchange Rates
The dataset provided represents the exchange rate of the MNT currency over a specific period. Upon inspecting the data, it becomes evident that the exchange rate has remained at 0.0004 consistently across all timestamps, indicating a stable exchange rate over this period. This provides a steady context for foreign exchange or investment activities related to this currency.
Seasonality of Exchange Rates
In time series analysis, seasonality refers to recurring patterns or cycles that occur over regular intervals. Given the stability of the exchange rates in the dataset (all at 0.0004), it's fair to conclude that there are no distinguishable seasonal fluctuations or patterns. The exchange rate does not show any evidence of altering in specific seasons or particular times of the month, week, or day.
Outliers in Exchange Rates
Outliers in data can give valuable insights as they often indicate unusual occurrences. However, in the case of the provided MNT exchange rate data, there are no observable outliers. The exchange rate remained consistent at 0.0004 throughout the entire data series, which suggests a solid consistency in the MNT currency's performance during this period. This stability might be an indicator of a stable economic situation or strict currency regulation of the country.
Nonetheless, it's crucial to note that this is a pure data-driven analysis, which doesn't take into account external factors such as monetary policy, changes in the macroeconomic environment, and significant global events. Therefore, while such consistency is usually a good sign of stability, it doesn't provide a holistic view of the country's economic health.