2024-05-07 Yemeni Rial News
2024-05-06
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
Analysis of Exchange Rate Data
The provided dataset offers timeseries information about exchange rates for the Yemeni Rial (YER) at various time intervals from 2024-05-06 00:00:02 to 2024-05-06 23:55:02. Below are the key findings.
1. Understanding the overall trend of the exchange rates
The overall observation shows a stable trend in the exchange rates. The initial rate starts with a value of 0.00547, slightly dipping to 0.00546 around 01:15:02, remaining constant throughout the rest of the period. Therefore, there is no significant increase or decrease in the rates during this time frame. Minor fluctuations are present, but the overall rate appears to remain stable.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates.
From an evaluation of the given data, no clear seasonality or recurring patterns in the exchange rates change emerge within this one-day period. The exchange rates relatively remain constant for protracted periods, which suggests that within the 24 hours of this record, the Yemeni Rial's value remains consistently stable.
3. Noting any outliers
There are no apparent outliers in this dataset. The exchange rates displayed slight changes twice within the period. An initial value at 0.00547 decreases to 0.00546, remaining constant since then. Given this is a minuscule change and aligns with the overall stable trend, it does not count as a significant deviation from the expected pattern. Accordingly, we identify no significant outliers in the data.
As requested, this analysis exclusively considers the provided dataset and does not factor in market hours, weekends, holidays, or financial news. A more comprehensive understanding of the YER's behaviours would require extended datasets, further contexts, and potentially a wider timeframe. However, this brief analysis still offers valuable insights into the consistency of the YER's value within the specified 24 hours period.