2024-05-21 Riel News

Summary of Last Month

  • 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. Understanding the overall trend of the exchange rates

Upon observation of the dataset provided, it appears that the exchange rate has remained extremely consistent over an extended period. The value of the KHR exchange rate largely remained at 0.00033 for all the given timestamps. There is no clear sign of a significant increasing or decreasing trend in the exchange rate values within this dataset.

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

No discernible patterns of seasonality or recurrence in the exchange rate changes are noticeable within the data provided. The flat nature of the dataset–with the value being 0.00033 almost uniformly across the given timeframe–implies a lack of fluctuations that would signify seasonality or recurring patterns. More variance in the dataset would be required to determine such trends.

3. Noting any outliers

The only potential outlier in this dataset appears to be the instance at timestamp "2024-05-20 06:00:02" and "2024-05-20 06:05:02 where the exchange rate briefly increased to 0.00034. However, given the minute shift in the rate and the quick return to the previous 0.00033 rate in the subsequent timestamp, it may not be accurate to term it an outlier, especially without knowing if such small variabilities are common or significant in the context of these exchange rates.

et Roundup In the bustling financial markets of May 20, 2024, the Cambodian Riel ("KHR") demonstrated astounding constancy, maintaining its steady exchange rate throughout the course of the day. This chronological, timely data portrays the prevailing exchange rate held by the previously unpredictable KHR, creating an atmosphere of relative serenity in financial circles. As the clock struck midnight to commence the trading day, the KHR exchange rate was pegged at 0.00033, a value it resolutely clung onto until the trading window shuttered close at the end of the day. This demonstrates an unusual yet commendable solidity in the KHR''s standing, which scarcely wavered even amidst the tumultuous ebbs and flows of the financial market. While the typical investor might anxiously follow the clock''s relentless tick-tock, waiting for fluctuation in the KHR''s value, May 20 was a day of surprising calm in that regard. This stability speaks volumes about the ongoing resilience of Cambodia''s economy in a volatile global landscape. It defies common expectation, where one might predict significant shifts in the exchange rate across a 24-hour period. It''s noteworthy to consider the signification of this enduring steadiness. While it could be taken at face value as a marker of economic stability, it also potentially implies a lack of outside investment and trading activity. However, without dramatic market movements provoking alarm, it allows investors in the KHR to breathe easy for the time being. This extraordinary pattern also poses fresh questions for future investment potential. For one, could the Cambodian Riel''s sturdy performance signal a new era of economic strength? Or might this stability instead represent a pause before an ensuing whirlwind of financial activity? Only time will yield definite answers to these questions. Looking forward, market watchers are advised to keep an attentive eye on the KHR''s performance in the coming days. Though the currency displays desired steadiness currently, the ever-changing dynamics of the global economy imply the imminent influence of external factors. Bearing in mind that today''s calm could be tomorrow''s storm, investors must continue to observe and analyze the KHR''s movements for clues of changing tides. The market has proven time and again that it is unpredictable, and even the most unassuming days, like May 20, can set the stage for unexpected shifts in direction. Therefore, investors, traders, and economic onlookers alike must remain vigilant to anticipate the KHR''s next move in the coming days, weeks, and months.Unwavering Stability as KHR Holds Steady in 24-Hour Market Roundup

Current Middle Market Exchange Rate

For information purposes only.