2024-04-16 Riel News
2024-04-15
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.