2024-05-21 Tugrik 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
Overall Trend Analysis
Looking at the given dataset, the MNT exchange rates remained stable at 0.00039 for a significant period of time. Though minor variations can be seen, they follow a steady trend with no substantial increase or decrease over time. The exchange rate did change slightly to 0.0004 in the end, but this change is not significant enough to drive any major conclusions about trend changes. It suggests a fairly stable exchange rate for the MNT during the time interval provided.
Seasonality and Recurring Patterns
Within the scope of this dataset, no obvious seasonality or recurring pattern is observable in the given exchange rate data. The exchange rate remained constant at 0.00039 for most of the time frame and then increased slightly to 0.0004. However, the consistency of the exchange rate suggests that the data may not be highly influenced by seasonal factors. Further data for a more extended period would be useful to confirm the absence of seasonality.
Outliers and Significant Variations
From the given dataset, there are no notable outliers in the MNT exchange rate. It remains relatively stable and consistent throughout the time series data. The slight increase to 0.0004 does not deviate significantly from the general trend, hence does not qualify as an outlier. Hence, in the given scenario, finding an instance where the exchange rate deviates significantly from the trend or seasonal norm isn't feasible.
Note
Please note that this analysis did not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Furthermore, no forecasts for future rates were generated based on this data.
![Steady Stability: MNT Exchange Rate Maintains Remarkable Consistency in Times of Uncertainty](http://currencymart.net/images/news/tugrik/2024-05-21/img-GSND8b87b2YptjuBBZoZZW9u.webp)