2024-04-22 Yemeni Rial News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Understanding The Overall Trend of Exchange Rates

The overall trend of the exchange rates from the given dataset indicates a slight increase throughout the period. We start with an exchange rate of 0.00542 at timestamp "2024-03-22 02:00:02" and end with 0.00549 at timestamp "2024-04-19 12:00:03".

The changes are not large but by taking the initial and final data points into consideration, it can be said the exchange rate was generally on the rise. However, the increase is not steady or consistent. From time to time, the exchange rate shows minor drops but the general long-term trend exhibits a mild increase.

Identifying Seasonality or Recurring Patterns

From the dataset, it's hard to conclusively identify any seasonality or recurring patterns. The fluctuations in the exchange rates shown in the dataset are minimal and don't show a clear-cut pattern that can be linked with a specific time or recurring event.

However, there is some mild fluctuation that can often be seen within an interval of few hours or between timestamps on the following days. But such fluctuations are too minimal to be classified as a clear pattern or seasonality.

Noting Any Outliers

This dataset doesn’t seem to have any significant outliers. There are no instances where the exchange rate differs significantly from what would be expected based on the trend. The currency exchange rates seem to fluctuate mildly within a very close range.

No exchange rate value is too far removed from the others, and there's no specific point that dramatically disrupts the overall mild increase trend. Hence, no clear outliers can be identified from this dataset.

It's always a good practice to have a graphical visualization to understand time-series data better. But as per the limitations set, we're only confining the understanding to argumentative analysis here.

s The Yemeni Rial (YER) has experienced a minor fluctuation over the course of two weeks from the end of March to mid-April 2024, based on the detailed time-series financial data available. Starting from 22nd March, the YER maintained a relatively level exchange rate of 0.00542 for the initial few days. Subsequently, there was a spotted minor increase to 0.00543, marking a subtle shift in its value. This level of stability is indicative of the currency''s resilience, even amidst potential market turmoil. As the weeks unfolded, the YER went through minor yet noteworthy fluctuations. A brief slump in rate was observed on the 28th March with a dip to 0.00541. Despite the minor setback, the YER managed to settle at 0.00542 for most of the following week. Broader implications of these rate observations point towards a stable currency scenario. For investors engaged in the forex market, these fluctuations might seem insignificant. However, for those with substantial investments, these subtle shifts can translate into significant divergences in portfolio value. The stability in the YER exchange rate primarily reflects the economic posture of Yemen. The potential impact on regular foreign trading activities is minimal, given the minor degree of rate fluctuation. This also signals that local economic disturbances haven''t drastically impacted the inflation rate of the country for the specific two week period. Perhaps of more significant interest is the noticeable upward trend noticed on the 10th April where the YER exchange rate spiked to 0.00547 and continued to rise reaching 0.00552 by 16th April. Such an increase could hint at a stronger economic outlook or a surge in foreign investment. Drawing back to the global economic scenario, the subtle fluctuation might hint towards a solid standing of Yemen''s economy amidst the international financial climate. Economists and investors should keep a cautious eye on such patterns to foresee potential market risks and opportunities. Moving forward, investors and stakeholders should continue to monitor the YER exchange rates. Although the currency has shown a degree of stability over the past weeks, the realm of global finance is dynamic and subject to various macro and microeconomic influences. In conclusion, the YER rate has managed to maintain its stance. As we continue into the second quarter of 2024, it will be interesting to see how this plays out, considering the complex interplay of economic, political, and social factors. Investors, economists, and observers alike wait with bated breath to watch the journey of the YER, as the rest of the year unfolds.YER Exchange Rates Show Subtle Fluctuation Over Two Weeks

Current Middle Market Exchange Rate

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