2024-05-10 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

Analysis of Overall Trend

Looking at the dataset, it shows there is very little fluctuation in the exchange rate. It varies between 0.00546 and 0.00548 over the course of the data provided. In general, the exchange rate has remained relatively stable for the duration of the data provided as there is no consistent increase or decrease visible in the data set.

Seasonality and Recurring Patterns

In terms of seasonality or recurrences with respect to the change in rates, no clear pattern is observable from the given dataset. The exchange rate does show micro fluctuations throughout the day. However, these slight changes don't present a clear cut seasonal or daily pattern. It stylistically oscillates around 0.00547 with slight upward and downward deviations.

Observation of Outliers

From the analysis of the dataset, no significant outliers can be observed. All exchange rates are in the range of 0.00546 to 0.00548. There are no instances where the exchange rate differs significantly from what would be expected based on the trend. This highlights a relatively stable exchange rate within this time period.

Additional Notes

  • This analysis is based purely on a numerical examination of the dataset provided and does not take into account external factors globally or within the market that may impact exchange rates.
  • The data reflects a single day (May 9, 2024) and therefore does not show whether the trends and patterns noted are typical or unusual when viewed in the context of a broader time period.
  • While we have noted the overall stability of exchange rates, it is always important to remember that exchange rates are influenced by many variables. In the real world, we would need to constantly track and analyze such data to react to changes promptly.
n a consistently unpredictable world of financial market, even the slightest changes could hold significant implications. A recent data set pertaining to the Yemeni Rial (YER) has revealed a trend of mild fluctuation within a strict range throughout the course of a single day on 9th May 2024. The YER followed an extremely stable course until the late hours, indicating an oddly consistent foreign exchange market. The data set indicates a stable rate of 0.00547 during the majority of the day, with minor spikes to 0.00548 around the times 01:20:02, 01:40:02, 01:45:02, and then again later in the day. However, the exchange rate never rises above this given figure during the entire course of the day. This minimal turbulence embodies an eerie calm within the financial markets in a time when foreign exchange rates are usually subject to high volatility. Indeed, in the current dynamic financial landscape, such stability over such an extended period is unique. It prompts economists and market watchers to ponder over the underlying market mechanisms that could be aiding this stability in YER. This curious trend also brings forth the potential use of predictive models for investors looking at exploiting the predictable behavior of this specific Forex pair. This linear pattern, confined within the narrow range of 0.00547 and 0.00548, highlights the power dynamics taking place between the currencies. On one hand, an unchanging currency exchange rate can tread into the territory of market rigidity. This resistance to changing market conditions can stifle growth opportunities and eventually might harm the currency''s value in foreign exchange markets. On the other hand, this observed stability can provide a safe harbor for investors dealing with unpredictable currency pairs. The low volatility would minimise market risk and allow for safer investments that seek moderate, but steady returns. Given that the data span is limited to a hectic timeline of a single day, the pattern observed desire a detailed investigation over an elongated period for drawing concrete results about the predictable behavior of YER. As we look ahead, if the YER continues to mirror the behavior observed, the predictability could attract cautious investors, thereby injecting much-needed liquidity into the market. But, will the attraction of the low risk, low return investment be enough to spur interest among major investors or will the market eventually trigger a surge in the exchange rate? The investors are always left to watch for hints in the tide. Mild Fluctuation Observed in YER Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.