2024-05-17 Tugrik News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
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
The data provided ranges from 2024-05-16 00:00:02 to 2024-05-16 23:55:01, covering roughly a day's worth of data. The exchange rate of MNT has overall remained quite stable throughout the observation period, ranging mainly between 0.00039 and 0.0004 only.
Seasonality or Recurring Patterns
From the data set, there is not a clear seasonal or recurring pattern identified for the MNT exchange rate on a daily basis. The exchange rates show tiny fluctuation, but they do not follow any evident cyclical pattern over the course of a day. Further analysis over an extended period may be necessary to determine any patterns or seasonality.
Outliers or Significant Variation
Based on the data provided, the MNT exchange rate seems largely stable, with minimal fluctuations, and does not show any significant outliers or spikes. The observed changes in rates do not differ remarkably from the general trend. This could be reflective of a relatively stable market though more data would need to be analyzed to concretely determine this.
External Factors
As per the instructions provided, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered in this analysis.
General Assessment
This initial analysis of the data shows a largely stable MNT exchange rate over the course of a single day, with no identifiable seasonality or recurring patterns and no significant outliers or unexpected variances. A more detailed and comprehensive analysis would require data over a longer timeframe and may involve considering external factors and market events.
![Unwavering Stability Envelopes MNT Exchange Rates](http://currencymart.net/images/news/tugrik/2024-05-17/img-9fPa4UKYU9ZvUz1x7sa4fBXq.webp)