Unprecedented Stability Marks the KHR Exchange Rate
2024-05-06
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
Overall Trend Observation
After a careful observation of the dataset, it is quite evident that the value of exchange rates (KHR) remained constant throughout the entire period. This is clearly shown by the fixed rate of 0.00034 at every timestamp from 2024-05-06 00:00:02 to 2024-05-06 23:55:02. This is quite unusual in exchange rate data, as these values typically fluctuate based on various factors.
Seasonality and Recurring Patterns
Given the constant rate of 0.00034 throughout the dataset, it can be deduced that there are no apparent seasonal or recurring patterns in the dataset. Usually, such patterns can be identified in the data when exchange rates follow a certain trend over a specified period, showing upturns and downturns. However, in this dataset, no changes were observed in the rates, hence, it is impossible to identify any such patterns.
Outliers Identification
Since all the exchange rates in the dataset remained consistent, no outliers were observed. In a typical dataset, an outlier would be a value that significantly differs from the other values or the identified pattern. However, all values of this dataset are the same, hence it is impossible for any of these values to significantly differ from others.
Final Remarks
With the analysis laid out above, it is important to state that this is quite an unusual observation. Generally, financial data, especially exchange rates, are expected to fluctify due to various market dynamics. The absence of such fluctuation might suggest that the data could be inaccurate or that the market for this particular exchange rate remained perfectly stable within this timeframe, which is a rarity in most cases. In a normal scenario, the data should show some kind of variation or movement, whether hourly, daily, or even monthly, due to factors such as changes in market sentiment, geopolitical events, and economic data releases.