2024-05-13 Tugrik News
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2024-05-12
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
1. Overall Trend of the Exchange Rates
The overall trend from the data provided indicates that the MNT exchange rate is relatively stable. This is indicated by the constant exchange rate of 0.0004 that seems to persist throughout the entire series dataset. It doesn't show whether the rates increase or decrease within the given period as there is only a minimal fluctuation recorded on 2024-04-12 at 12:00 pm and 14:00 pm where the rate was at 0.00041 before reverting back to 0.0004. From this, one can infer a largely stable trend in the exchange rate for the MNT in the dataset.
2. Seasonality and Recurring Patterns
As per the given dataset, no clear seasonality or recurring patterns in the changes of exchange rates can be determined. The exchange rate remains consistent at every timestamp, with no discernable pattern related to specific times of the day, days of the week, or other seasonal factors. However, it is recommended to have data that expands over a longer period of time to make conclusive remarks on seasonality or recurring patterns.
3. Outliers in the Exchange Rates
Considering the data presented, there are no significant outliers in the exchange rates. Only two instances are present where the exchange rate differs from the standard 0.0004 rate – specifically, on 2024-04-12 at 12:00 pm and 14:00 pm, where the rate rose to 0.00041. However, these instances seem to be anomalies rather than significant outliers, as there are no other timestamps where the rate deviates from 0.0004. In this regard, the exchange rates show very minimal variations.
![Steady Performance of MNT Exchange Rate Over Two Weeks](http://currencymart.net/images/news/tugrik/2024-05-13/img-Eokz87ZsVZO9SFFQ7pcazDVL.webp)