2024-05-09 Yemeni Rial News
2024-05-08
Summary of Yesterday
- 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
The overall trend of the exchange rates in the given data can be described as relatively stable. Starting from 0.00549, the YER exchange rate exhibits minor fluctuations throughout the series, only noticeably differing at two points. Firstly, a spike to 0.00981 occurs, which then declines back to a briefly lower rate of 0.00547. However, the rate then retakes its starting stability around 0.00547 and remains there until the series ends.
Identifying Recurring Patterns
Upon examining the dataset for any seasonality or recurring patterns, it is observable that changes in exchange rates appear to be more random than periodic. There are no clear patterns that suggest predictable cycles or fluctuations in the YER exchange rate over the given timeframe.
Noting Outliers
Based on the described overall stable trend of the exchange rates, the most noteworthy outlier in the data is the spike to 0.00981. This is a significant departure from the general stability of the exchange rates noted throughout the dataset. After the conclusion of this hike, the rates resume their prior stability. It's also notable that the rates dropped slightly lower after the spike, to 0.00547.
General Observations
While the data suggests that the YER exchange rate retains relatively stable within a small range, the presence of the noted outlier indicates that certain factors can cause significant, albeit temporary, shifts in the rate. However, it's important to bear in mind that without considering external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, the reasons behind the noted fluctuation cannot be thoroughly examined.