2024-04-29 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

Based on the time-series data provided, it can be observed that the exchange rate remains relatively stable in the range of 0.0054 to 0.0055 throughout the observed period. Moreover, a closer look at the data shows a slight increasing trend in the exchange rates over time. The rate begins at 0.00541 and increases to a value around 0.00551 suggesting a moderately increasing trend in the exchange rate over this period.

Identifying Seasonality & Recurring Patterns

Upon observation, a strong seasonality or recurring patterns in the exchange rates isn't apparent from the provided data. The data remains relatively constant without significant oscillations or explicit periodic trends. However, the limited scope of the data and delineation of rates only at two-hour intervals can potentially mask weekly or monthly trends, if any. More extensive data spanning several months or years, and at various times of the day, would provide deeper insight.

Outliers & Unexpected Instances

From the given data set, there is no explicit evidence of an outlier or an instance where the exchange rate differs widely from the overall observed range. The exchange rates change slightly over time but stay within the range of 0.0054 to 0.0055. There are no spikes or significant drops in the rates to suggest outlier events.

On an added note, considering more quantitative statistical analysis such as Z-score or IQR method could help in precise identification of outliers.

Turmoil In the face of global reshuffling and increasing economic pressures, Yemen Riyal (YER) displayed a steady fluctuation in its foreign exchange rate. This financial roller coaster ride transpired over a span of weeks, setting the stage for future market trends and economical impacts. This series record the values in the month of March up until the last week of April, providing a broad perspective of the events that unfolded. Over the observed period, the exchange rate began at a static 0.00541, maintaining this value for several days. This stability resonated with market watchers, reflecting the capacity of the local economy to withstand international economic storms. However, this bandwidth soon began to change, with rates descending gradually to 0.00539 and then spiraling up to an intriguing 0.00552, marking the highest in the observed period. This steady rise and fall, absent a significant upheaval, underscored the underlying resilience of YER amidst external volatilities. Notably, the rate shifted between 0.0054 and 0.0055, indicating a controlled response to market fluctuations. Interestingly enough, this shift occurred within a narrow range, suggesting a tightly bound exchange rate regime, possibly due to interventions by Yemen''s Central Bank to maintain currency stability. The relevance of this data, beyond its portrayal of currency trends, reveals a much deeper narrative. The currency''s performance signifies the volatility of the world economy in the backdrop of political uncertainties and pandemic-induced complications. National currencies, such as YER, oscillating within a stable range reflect effective monetary policies and robust economic fundamentals. Investors, hence, can expect a level of security when considering such markets. While we focused predominantly on YER''s dynamics, data sketched a similar trend across several emerging markets. The fluctuations were reflective of a global economic panorama navigating through cryptic terrains. The steady fluctuations underlined the conscious calibrations by monetary authorities to ensure market equilibrium, thereby ingress the investors'' confidence. Looking ahead, while the information presents comprehensive past data, the future remains tied to numerous variables. The evolving geopolitical landscape, the global recovery from the COVID-19 impact, and domestic economic measures will continue to influence YER''s performance. Investors, economists, and policymakers must keep vigilant to these time-series financial patterns, valuable for strategic market positioning, fiscal planning, and economic policymaking. The future narrative will add more pages to this exchange rate saga, marking crucial junctures for learning and forecasting.YER Experience Steady Fluctuations Amid Global Economic Turmoil

Current Middle Market Exchange Rate

For information purposes only.