2024-05-22 Riel News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
After going through the provided dataset and conducting a thorough analysis, here are the findings:Understanding the Overall Trend of The Exchange Rates
From the given dataset, the Cambodian Riel (KHR) exchange rate holds steady for most of the data points, pegged at 0.00033. Graphically representing the data would reveal a near-horizontal line indicating a lack of significant increase or decrease. This suggests that the exchange rate was relatively stable over the provided timeframe.
Identifying Seasonality or Recurring Patterns
With a time interval of every 5 minutes and the stability of the exchange rate at 0.00033, it's challenging to discern a clear recurring pattern or seasonal trend. Changes in exchange rates usually happen because of many factors like economic indicators, market dynamics, employment data, and geopolitical events, none of which are captured within this 5-minute intervals of data. The absence of substantial fluctuations also points to the lack ofseasonality or recurrent patterns.
Noting Any Outliers
A few instances are standing out where the rate at 0.00034, albeit infrequent. These can be considered outliers since the majority of the dataset pegs the exchange rate at 0.00033. However, it's essential to state that the deviation is minuscule with a difference of just 0.00001 which may not materially impact financial decisions.
No Consideration for Specific Events or External Factors
Since you've specified that the analysis should not consider influences such as market opening/closing hours or the release of financial news and reports, we have maintained the scrutiny solely on the provided data points. Please note that in real-world conditions, these factors would likely cause more significant fluctuations in the exchange rate.
Lastly, per your instructions, no forecast has been provided for future rates. It's significant to note that financial markets are influenced by various factors, with each potentially contributing to changes in exchange rates. Therefore, it's often challenging to predict future values accurately.
Please note, a more exhaustive analysis could require other considerations such as the volume of exchange, market-related news, and other economic indicators.![Steady KHR Exchange Resilience Indicates Economic Stability](http://currencymart.net/images/news/riel/2024-05-22/img-GVnJr0kvY9SfYFYhbyad3XgJ.webp)