2024-04-26 Yemeni Rial News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of the Exchange Rates

By looking at the dataset provided, it's quite evident that the exchange rates over the period have generally been stable. The exchange rate, however, did vary slightly throughout the time period observed. It ranged mostly between 0.00545 and 0.00548 with the majority of the time scarcely moving closer to the higher or lower end of this range. The overall stability suggests that the market conditions were mostly consistent and there were no major occurrences causing substantial swings in the exchange rate. This is perhaps because the time-series is too short to observe any significant variations.

Identifying Any Seasonality or Recurring Patterns

Given this dataset, it's a bit challenging to determine any seasonality or recurring patterns. The exchange rate remained fairly stable throughout the period, and no clear daily, or weekly patterns were observed. Similarly, there doesn't seem to be an identifiable pattern in the slight fluctuation in rates as they keep around the same minimal pivot point (0.00545 - 0.00548). Any perceived pattern would likely be coincidental in this context, considering the short duration of the dataset.

Noting Any Outliers

Considering the exchange rates provided in the data, there do not appear to be any significant outliers. In fact, the rates seem to be somewhat adhering to a fairly tight oscillation around a central value. The notable changes are very marginal and don't seem to be significant enough to be considered as outliers. Most deviations from the central pivot point are less than 0.00003, which could be viewed more as a natural part of market volatility than a data outlier. Therefore, based on the available data, we can conclude that there are no significant outliers that need be factored into the analysis.

ghout the Day A day of market activity on April 25, 2024 shed light on the behavior of the Yemeni Rial (YER) exchange rates. Consistent values throughout the day slowly drifted downward in a noteworthy manner. From the early morning hours till later in the day, the exchange rate of the Yemeni Rial (YER) held a course of steadfast steadiness. It clocked in at 0.00547 at midnight, maintaining this rate until approximately 01:25, when it saw a slight decrease to 0.00546. This continued for the next couple of hours. But, as the day rolled into its later hours, interesting developments started to take shape – the exchange rate reached 0.00548 by 08:05, a modest increase which took its time to come around. The rate of 0.00548 was sustained up until 09:20, after which it started its descent back to where it started. By 11:45, the exchange rate returned to 0.00546. Going forward, the value oscillated between 0.00546 and 0.00545 for the rest of the day, reflective of minor market adjustments. The tight variance of the YER rates across the day echoes the country''s consistently controlled currency value. Why is this seemingly mundane dataset significant? A well-regulated rate is a testament to a country''s robust currency control mechanism. Economic principles dictate that changes in exchange rates directly influence prices of imported and exported goods. Thus, looking at these numbers, Yemen seems undeterred by market variances, holding its ground against external economic pressures. Market watchers suggest that this minor flux and ongoing consistency can be viewed in two ways - If you look at it from an importers perspective, this is good news as it predicts stability in the import prices. However, exporters would have preferred a devaluating YER as that would have boosted their revenue by making their goods cheaper for foreign buyers. In conclusion, these exchange rates reflect broader economic practices and stability. Future trajectories for the YER will presumably remain stable barring any unforeseen drastic external influences. Investors and economists alike should keep a close eye on any such deviations as any change could impact the market trends significantly. Looking ahead, it''s clear that the YER''s steady value has its implications for the global economy, which expects constancy. Any impending variations, even minor, will be significant events to keep an eye on. Experts argue that such signs might foresee either a strengthening economy or a precursor to an economic downturn. As we advance further into 2024 watch for these slight shifts which may signify large-scale changes in the economic trajectory.Remarkable Stability Changed in YER Exchange Rates Throughout the Day

Current Middle Market Exchange Rate

For information purposes only.