2024-05-21 Yemeni Rial News
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2024-05-20
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 Rates
The first step of the analysis is to look at the provided data and organise it accordingly. The times (timestamps) and the corresponding exchange rates (YER) have been provided as a time-series dataset covering a specific date, May 20, 2024. This data set allows us to appreciate the dynamics of the exchange rate throughout this period.
Understanding Exchange Rate Trends
Throughout the timestamps, the exchange rate initially remained flat at 0.00544 but then observed a slight increase to 0.00545. The rate held this increased value for a significant duration, from about 01:20:02 to 09:05:03, before returning back to its initial rate of 0.00544 till around 10:05:03. Subsequently, the exchange rate again rose to 0.00545 where it remained until it saw another slight increase to 0.00546 from around 20:55:03 to the end of the day. From this analysis, we can infer that the exchange rate on this day exhibited a somewhat increasing trend.
Identifying seasonality or recurring patterns
Due to the data being for just one day, it's hard to conclude any potential seasonality or recurring patterns as it requires a longer timeframe for such trends to appear. However, we can observe that the exchange rate changed slightly three times during the day. The rate remained constant for a significant duration before terrain minuscule increases.
Identifying Outliers
From the given data, we cannot identify any outlier as the changes in exchange rates were minimal and no significant anomalies were observed.
Keep in mind that this analysis is based solely on the provided data for one day and does not take into account other external factors that can significantly impact exchange rates, such as macroeconomic news, market opening/closing hours, weekends/holidays etc. Consequently, a more comprehensive analysis that includes these factors may provide a different understanding regarding trends, seasonality and outliers of the exchange rates.
![Consistent Performance of YER Holds Steady Amid Market Uncertainties](http://currencymart.net/images/news/yemeni-rial/2024-05-21/img-4KVBO5Kht35FaAaa5Lsbefav.webp)