2024-05-13 Yemeni Rial News
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2024-05-12
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
The overall trend of the exchange rates seems to be relatively stable, with a very slight decreasing tendency. The YER exchange rate starts from 0.00548 at the start of the period and ends at 0.00546, indicating a very subtle decrease over time. However, this is not a significant decrease and fluctuations appear minimal, suggesting that the YER rate has been relatively stable in the period shown.
Identifying Seasonality or Recurring Patterns
There doesn't appear to be a strong seasonality or recurring patterns identifiable in the dataset provided. The exchange rate doesn't show particularly clear patterns of increase or decrease at specific times or dates. However, a slight pattern can be noted where the exchange rate decreases slightly before increasing again within a short span of time, which is a common characteristic of financial markets. Overall, the patterns in the exchange rate changes are subtle and not highly seasonal or recurrent.
Noting Any Outliers
As for outliers, the data provided isn’t showing any instances where the exchange rate deviates significantly from its usual range of fluctuation. The rates oscillate around 0.00548 to 0.00552, which is a narrow range, and all the values in the dataset fall within this range. It seems that during this period, the exchange rates were stable and didn't experience significant volatility or unexpected changes. However, a more in-depth or statistical analysis would be needed to conclusively identify any significant outliers.
![YER Exchange Rate Exhibits Minimal Fluctuation Over Two-Week Period](http://currencymart.net/images/news/yemeni-rial/2024-05-13/img-vJuLQdioWmUaTHMiqxDjsWbI.webp)