Fat does not convert to muscle. But you knew that.
You would have to test your body composition to see if your fat percentage has decreased since exercising. I'd be surprised if it has changed very much given that your weight has stayed constant. If you were on some heavy-duty weightlifting regimen, I might believe you'd replaced significant fat mass with muscle mass.
Exercise is only one piece of the weight loss puzzle. The other two (IMHO) are sensible, sustainable caloric restriction, and increased sleep. There is growing evidence that the body compensates quite easily to increased output (i.e. exercise) or decreased input (i.e. caloric restriction) alone, and will hold on to fat stores.
You would have to test your body composition to see if your fat percentage has decreased since exercising. I'd be surprised if it has changed very much given that your weight has stayed constant. If you were on some heavy-duty weightlifting regimen, I might believe you'd replaced significant fat mass with muscle mass.
Exercise is only one piece of the weight loss puzzle. The other two (IMHO) are sensible, sustainable caloric restriction, and increased sleep. There is growing evidence that the body compensates quite easily to increased output (i.e. exercise) or decreased input (i.e. caloric restriction) alone, and will hold on to fat stores.