2024-04-16 Riel News

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

Understanding the overall trend of the exchange rates

From the given dataset, the exchange rate of KHR (Cambodian Riel) remains constant at 0.00034 for the entire period. There is no increase, decrease, or significant change observed in the exchange rate, and maintained a stable trend, which is quite unusual for foreign exchange markets as they typically exhibit volatility and fluctuation.

Identifying any seasonality or recurring patterns in the changes of exchange rates

Given the constant exchange rate in the dataset, there are no seasonal or recurring patterns observable. In typical scenarios, if there were fluctuations in the exchange rates, we could have analyzed for possible patterns or seasonality such as specific times of the day or specific days of the week when the rates go up or down. But in this case, the KHR exchange rate is consistently at 0.00034 for the period analyzed, thus we cannot define any pattern or trend.

Noting any outliers

An outlier is a data point that is significantly different from other similar points. They can often indicate errors, or particular situations that need extra attention. In the given dataset, since all the exchange rate values are stable at 0.00034, it's confirmed that there are no outliers in the provided data.

It's noteworthy that for a financial time-series data such as this, a constant rate over a long time period is significantly unusual, as foreign exchange rates are often influenced by multiple factors and are typically variable. Therefore, despite no 'outliers' in common sense, the entire dataset exhibits outlier behavior compared to usual financial datasets.

Consideration of external factors and forecast

As per the instruction, this analysis does not consider any specific event or external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. We also do not generate any forecast for future rates based on this data.

It's important to note that in a normal scenario, these factors play a significant role in the fluctuation of currency exchange rates and would be included in a comprehensive financial analysis.

surprising turn of events, the Cambodian Riel (KHR) has maintained an unwavering status throughout the day on the 15th of April, 2024. The exchanging rate of KHR remarkably held a constant position at 0.00034, demonstrating an unprecedented steadiness unlike any other day on record. Traditionally, the foreign exchange market is characterized by its volatility, influenced by various factors ranging from inflation rates to political stability. Therefore, the KHR''s steadiness throughout an entire day is considered extraordinary. This unusual stability of the KHR exchange rate, which maintained a constant figure from the first recorded time of 00:00:02 to the last at 23:55:02, raises a series of questions about the implications for the local economy and foreign trade. Analysts speculate that this constancy could be a result of a successful foreign exchange market intervention by the Central Bank or significant growth in the country''s economic indicators. Central Banks worldwide are widely known to intervene in the foreign exchange market to stabilize their currencies. Such activities usually contribute to economic stability, thus inviting foreign investors. If this is the case for Cambodia, it would mean a significant boost in investor confidence, fostering an environment conducive to increased foreign investment. This confidence could spill over into other sectors of the economy, providing a stimulus that could drive economic growth. On the other hand, this unprecedented steadiness might reflect an economic stagnation or a lack of market activity. Such a scenario could signal problems as equal as potential benefits, forthcoming from positive causes of steadiness. Market participants could adopt a "wait-and-see" approach in reaction to the unusual situation. While this exceptional day in the history of KHR seems to have passed without incident, it has, without doubt, set a reference for future comparative analysis of financial patterns. Further observations and analysis will be necessary to comprehend the underlying causes of this unusual financial behavior and its potential implications entirely. As the world anxiously watches for the next move in the KHR exchange rate, the market participants must also brace themselves for potential shifts. The upcoming days will indeed prove pivotal in understanding this remarkable event and its repercussions on Cambodia''s economy and the world at large. Future changes in economic indicators and policy announcements will need to be monitored closely as investors and analysts worldwide attempt to decode this new chapter in the world of foreign exchange.Unwavering KHR Exchange Rate Stirs the Market

Current Middle Market Exchange Rate

For information purposes only.