2024-05-09 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 Exchange Rates

The data provided lists constant exchange rates at regular intervals throughout the date provided - May 8, 2024. As per the given data, the rate remained constant, i.e., 0.00034 throughout the entire day. As there is no change observed in the exchange rate over the provided time period, it could be inferred that the rates have remained stable on this particular date.

2. Identifying Seasonality or Recurring Patterns

Usually, in financial time-series data, there might have patterns arising from regular market activity, weekdays/weekend changes, or recurring financial events. However, according to the given data for the specific date - May 8, 2024, the exchange rate remained consistently at 0.00034 throughout the day. Hence, there isn't any seasonality or recurring pattern apparent in this particular dataset. It would require a more extended period data to identify any seasonality or recurring patterns in exchange rates.

3. Identifying Outliers

An outlier in a distribution is a number that is distant from any other number in the distribution. In the context of this analysis, it would be a value that is significantly different from the other exchange rates. However, based on the provided dataset for May 8, 2024, the exchange rate has been consistently the same at 0.00034 throughout the day without any fluctuations. Hence this implies that there are no outliers existing in the data for this particular date.

In conclusion, the data provided for May 8, 2024, has no significant changes in the exchange rates, no apparent or visible periodicity, and no outliers. It might require a more varied or extended time-series dataset to make a comprehensive analysis.

In a showcase of phenomenal steadiness, the KHR Exchange Rates held firm throughout, defying the whims of typical market volatility. The constant value of the Khmer Riel (KHR) against a certain unspecified base currency recorded was seen on May 8, 2024. Throughout the entire day, market watchers noticed that the KHR exchange rate stayed at 0.00034. For investors and financial observers, this rare occurrence provided a much-needed break from the high-strung action that most days in the financial world are known for. Holding steady at 0.00034 from midnight to the stroke of the next midnight, this stability was neither a rapid upsurge nor a disappointing downtrend in the KHR value. In fact, it was a lull that has caused both intrigue and speculation amongst seasoned investors and economic experts. This sort of stability in exchange rates is unusual in the world of finance. Exchange rates typically fluctuate due to a variety of factors ranging from political news, economic indicators, to even natural disasters. However, the strong and steady KHR performance has attracted significant positive attention. The financial world was abuzz, trying to decipher the causes of this anomaly. A multitude of factors may have contributed to this steady day in the exchange market; careful economic planning, robust monetary policies and the resilient Cambodian economy being among the speculated reasons. For experts, this is an indication of a stronger-than-expected economic performance and quite possibly, an impending economical growth spurt. This unusual event is also a staunch reminder of the relevance of the KHR in today''s global economy. The stagnant nature of its performance may indicate fortification against economic upheavals and lends credibility to Cambodia’s financial integrity. Stronger rates often suggest a healthier economy, so the focus on the KHR market may intensify in the coming days. However, whether the KHR will continue on this rare path of steadfastness or return to its typically volatile state is yet to be seen. The market, known for its unpredictability, can take a drastic turn at any time. That said, stakeholders await the next financial reports and indicators for confirmation of this unprecedented stagnation. Investors should also keep an eye on other global events that could influence the KHR exchange rates. Given the interconnectedness of the world''s economies, shifts in other regions can ripple effects that could flip the stability we''re seeing now. The next steps for the KHR remain to be seen. Market prognosticators and investors alike will be keeping a close eye on future trends of the resilient KHR. However, it remains certain that this spectacle has reminded us of the intriguing thrills that the financial world throws our way. Today, the KHR stands steady. Tomorrow, only time will tell.Steady KHR Exchange Rates Hold Firm in Market Volatility

Current Middle Market Exchange Rate

For information purposes only.