Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
From the provided exchange rate data ranging from 26th January to 23rd February 2024, the YER exchange rate displays a somewhat slight fluctuation pattern rather than a clear increasing or decreasing trend. The rate seems to be mainly oscillating between 0.00534 and 0.00543.
Trends in Exchange Rates
The exchange rate seems to fluctuate marginally without displaying any pronounced positive or negative trend. While there are slight increases and decreases, the general trend seems to remain stable without significant deviations. This suggests a market equilibrium condition where demand for and supply of YER remains mostly unchanged over the period of our dataset
Seasonality and Recurring Patterns
No distinct seasonality is apparent from the provided data. Seasonality in financial markets usually depict in the form of predictable variations in exchange rates typically due to predictable changes in demand and supply at certain times of the year, or certain days of the week. However, the dataset here is perhaps too short-term (approximately one month), and a broader data set covering at least one year might be more suitable for identifying seasonal patterns.
Outliers in the Exchange Rates
No severe outliers or instances where the exchange rate deviates significantly from what one might expect are observable in the data. Most values lie in the 0.00535 - 0.00542 range, with an occasional dip to 0.00534 and peak to 0.00543. Any deviation from this range can potentially be considered an outlier, but these are far from extreme and still pretty close to the average level of the rates.
Please note that this analysis does not consider external macroeconomic factors or events that could have potential impacts on the exchange rates, as per the given instructions. It is purely based on the historical data provided.