2024-05-06 Riel News

Summary of Last Week

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

Statistical Measures

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  • Standard Deviation:

Trend

1. Overall Trend of the Exchange Rates

The overall trend of the data set shows that the exchange rates (KHR) are quite stable over the observed period. Each time stamp in the given data set, from 2024-04-05 to 2024-05-03, shows the exchange rate as 0.00034 with the exception of one timestamp on 2024-04-10 22:00:02 where the exchange rate was slightly lower at 0.00033 and on 2024-05-03 08:00:03 where the exchange rate again was recorded at 0.00033. Therefore, we can conclude that the exchange rates exhibit very little variability and stayed rather stable throughout.

2. Seasonality or Recurring Patterns in Exchange Rates

Given the stability of the rates throughout the time period, it is challenging to identify specific seasonality or recurring patterns. The exchange rate remained steady at 0.00034 in the majority of cases, regardless of the time or date. Therefore, it would be rational to conclude that the given data lacks clear seasonality or recurring fluctuations. However, it's noteworthy that on two instances the rate dipped slightly to 0.00033, closer towards 22:00:02 hours.

3. Outliers in the Exchange Rates

In terms of outliers within this data, there are only two instances where the exchange rate veered off the common trend of 0.00034. These instances occured at the following timestamps: 2024-04-10 22:00:02 and 2024-05-03 08:00:03 where the exchange rate was recorded at 0.00033. Aside from these two outlier data points, the exchange rate appears to remain quite consistent and stable.

turmoil In an era characterized by financial uncertainties and unpredictable market trends, the Cambodia Riel (KHR) seems to break away from the pack, demonstrating an uncommon stability visible in its exchange rates. This constancy, presenting itself throughout April and early May 2024, reveals a remarkably resilient financial system. The KHR exchange rate has etched a narrative of resilience over the past month with persistently steady values, notably stagnating at 0.00034 for extended durations. Tracing the journey of the KHR through specific timestamps, the constancy that this locally used currency possesses stands out starkly, unfazed by global economic turbulence. Given the existing financial climate characterized by short-span market cycles and rapid changes, such a lack of movement might raise questions. But it''s crucial to look beyond the numbers to comprehend the real story lying beneath. From April 5th through to early May, daily trends depict an unwavering KHR, seemingly locked to the rate of 0.00034. For those unacquainted with economic stability, this consistency may appear dull or trivial. However, experts understand that stability, especially in exchange rates, mirrors economic health and optimal functioning. It reflects a well-governed financial system, effective monetary policy, and robust market fundamentals that collectively thwart potential volatilities. The KHR''s tenacity comes at a time when most world economies grapple with pandemic-induced economic chaos. It displays Cambodia''s competent economic management and its ability to resist external shocks seamlessly. This unique phenomenon within the forex market could potentially boost investor confidence and encourage foreign investments, bringing an unexpected prosperity era for the Cambodian economy. While the KHR strides with stability, it inevitably invites questions about future prospects. Can it sustain this trend, or is a disruption imminent? The answer lies in the hands of the global and national determinants and Cambodia''s strategic economic planning. For the uninitiated, exchange rate stability can offer a haven from the usual currency market storms. However, it is no absolute guarantee against the future. The reality of economics is an ever-shifting interplay of countless factors, and even the most stable of entities can face unraveled threads. Going forward, investors and interested observers should monitor how resilient the KHR remains in the light of global financial upheavals. Will it continue its unswerving journey, or will the tides finally catch up to it? Only time will provide the answers. As things stand, the stability of the KHR beacons a promising financial chapter for Cambodia. An unwavering ship amongst the troubled waters of global economy.Stability shrouds KHR exchange rate amidst global market turmoil

Current Middle Market Exchange Rate

For information purposes only.