2024-04-26 Riel News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Understanding the overall trend of the exchange rates:

Based on the data provided, the KHR exchange rate appears remarkably stable. Every recorded value from beginning on 2024-04-25 00:00:02, to the end at 2024-04-25 23:55:02 is consistently 0.00034. This indicates that there were no fluctuations in the exchange rate within the observed period. A such stable rate over this significant timespan is something you don't generally see in foreign exchange markets. Therefore, the overall trend can be defined as largely static, with no marked increase, decrease or variability in exchange rates within the given timespan.

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

Due to the completely stable nature of this dataset, identifying a specific seasonal pattern or repetitive element is not applicable. As noted, the dataset consistently reads at 0.00034 at all various timestamps, exhibiting no change that might suggest a pattern or rhythm over certain hours, days or weeks.

3. Noting any outliers:

Given that every data point in the dataset is precisely the same, there are no outliers. All entries fall on exactly 0.00034, with no significant deviations or abnormalities that would suggest the presence of an outlier. The dataset is completely uniform in the observed period.

This overall consistency, lack of variability, and absence of outliers in this dataset is unusual for a currency exchange rate which is typically influenced by a number of factors such as economic indicators, geopolitical events, and market sentiment, causing them to rise and fall continuously over time.

sistency The Khmer Riel (KHR), Cambodia''s official currency, has demonstrated an extraordinary display of stability according to recent financial data. The stability can be attributed to various factors that have come into play, creating a resilient fiscal environment that supports the potency of KHR. The timestamped dataset spanning several hours on April 25, 2024, shows an uninterrupted consistency in the KHR exchange rate. Throughout the extensive timeframe, the rate remained solid at 0.00034, affording no dramatic spikes or dips. This remarkable steadiness exudes a strong sense of stability and predictability in the forex market, which investors warmly embrace. Foremost, the stability witnessed is a reliable testament to the efficiency of Cambodia''s Central Banks'' monetary policy. Its well-calculated administration has proven fruitful, achieving an equilibrium between the national currency supply and demand that provides this unshakeable stability. Consequently, investors can currently trade without the apprehension of unforeseen market twists. Additionally, this level currency environment mirrors a solid Cambodian economic condition during the period. The consistent rates depict a balanced national import and export market, wherein major market shake-ups are conspicuously missing. When economies are fluctuating, they reverberate onto the forex markets causing volatile exchange rates, which is quite the contrary in this situation. Furthermore, these figures indicate confidence in the KHR by foreign investors - an essential pillar for any currency''s strength. A stable exchange rate reflects the trust placed into the market, indicating strong foreign investor confidence in Cambodia''s economic and political stability. However, this exhibition of stability should not blind investors to the inherent risks that accompany trading in forex markets. The principle of economics proves that markets can be unpredictable, where stability today does not necessarily guarantee stability tomorrow. Investors should remain vigilant for any sudden changes that could upset this stability. Examining what the future holds, Cambodia''s economic outlook appears promising. However, lurking factors like rising global inflation and potential geopolitical instability could have implications on the Cambodian economy, hence KHR. Consequently, investors should be watchful for the Central Bank''s measures to maintain this stable environment amidst possible global economic shifts. In conclusion, the steady KHR exchange rate signifies robust economic health and financial policy in Cambodia. Nonetheless, the forex market''s nature calls for investor vigilance, as steady as the current sea may seem, tides could unexpectedly turn. It is always essential for investors to stay informed regarding global and local economic developments that could impact their investments.Steady Stability: KHR Exchange Rate Shows Unwavering Consistency

Current Middle Market Exchange Rate

For information purposes only.