2024-04-23 Yemeni Rial News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Exchange Rate Trend Analysis

The given dataset represents exchange rates at different points in time during the day. One of the key observations from the data is the stability of the exchange rate. Over the sampled period, the exchange rate for YER (Yemeni currency) varied only slightly between 0.00547 and 0.00549. This stability suggests a well-controlled currency with minor fluctuations within the sampled hours. Please note that this analysis is restricted to the provided data and does not account for broader-time scale changes in exchange rates.

Seasonality

There is no clear evidence of seasonality from the sampled data. The exchange rate seems stable and changes, where they occur, do not appear to follow any discernible cyclic pattern related to the time of the day or any other clear recurring time-based factors. Outside the given data, seasonality may be observable due to macroeconomic indicators, which are not reflected in these short intervals.

Outliers

From the given data, no significant outliers were observed. The exchange rate remained well within the mentioned range, aligned with the general trend of uniformity.

Note: This dataset spans mostly within 3 values of the exchange rate and doesn't show any significant changes to the rate within a single day. We may need data spanning over an extended timeframe such as months or years in order to detect any significant trends, patterns, or outliers.

This analysis is based purely on the dataset provided and does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial information. Hence the conclusions should be interpreted in light of this.

Period A hint of progress emerged on the foreign exchange front recently, as data collected in the early hours of April 22, 2024, indicates a slight swell in the Yemeni Riyal (YER) exchange rate. The development may not be groundbreaking, yet it reflects the capacity of the financial market to shift, even subtly, within a day''s cycle. The 24-hour period started with the YER exchange rate at 0.00548. The first half of the day displayed an exceptionally stable pattern, notwithstanding a fractional traction to 0.00549 in the middle. However, the rate slipped back to its original position shortly thereafter and maintained until midnight. The actual devil is in the details, and it''s with this minute variation that we realize even the slightest shift matters in the course of economic events. While the YER exchange rate hovered around 0.00548 for an extended period, a discerning eye notices a tiny push in the rate around the thirty-fifth minute of each hour. This repetitive pattern, albeit small, underscores the presence of consistent micro-changes that shape larger financial trends over time. The potential implications of such an insignificant shift are manifold. In an economy like Yemen''s, where every fraction of an increase can bolster economic prospects, even such negligible escalations signal positive change. From a broader perspective, this reflects a measure of stability in the Yemeni market, despite facing numerous challenges. This robustness could attract investments and spur economic growth. The onus is on market watchdogs and economists to keep an eye on these trends, interpreting them and mapping out possible trajectories. Nevertheless, uncertainty always lingers in the world of foreign exchange. While the slight increase in YER''s exchange rate over 24 hours might be heartening to some, its future path remains foggy. Looking ahead, observers of the foreign exchange market would do well to maintain a close watch on the performance of YER. Future data sets could deliver fascinating insights into this somehow resilient player in the world of forex, potentially providing indicators for subsequent investment opportunities or signs of impending economic shifts. End the long run, where even the most minor changes matter, this nugget of data might be more than just a minuscule upward blip for Yemen. It might indeed represent a stepping stone to more prominent, transformative changes in Yemen''s economic landscape.Subtle Increase Marked in YER Exchange Rate over 24-Hour Period

Current Middle Market Exchange Rate

For information purposes only.