2024-05-22 Yemeni Rial News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Trend Analysis
Looking at the data provided, the exchange rate seems to be quite stable throughout the entire period. There are slight variations in the exchange rate, as it varies between 0.00545 and 0.00547. However, these variations can be considered as minor as they don't signify a clear increasing or decreasing trend. Therefore, it can be concluded that the trend of exchange rates in this time period is mostly stable.
2. Seasonality and Recurring Patterns
With reference to seasonality or recurring patterns in the exchange rate, it's challenging to identify any clear patterns based on the provided data. The slight fluctuations in the rates don't appear to follow a systematic or periodic trend. Thus, with the given data, we can't confirm any seasonality or recurring pattern.
3. Outliers
Regarding outliers, given that the rate sticks rigidly to a narrow band between 0.00545 and 0.00547, any substantial deviation from this band might be regarded as an outlier. However, such a situation does not arise based on the data provided. Consequently, we might conclude that there are no significant outliers in the dataset.
This analysis is based entirely on the provided dataset and does not account for external factors such as market timings, weekends/holidays or the release of key economic reports. Also, it's important to reiterate that this analysis doesn't forecast future rates.
![Stability Reigns Supreme: YER Exchange Rate Demonstrates Remarkable Consistency](http://currencymart.net/images/news/yemeni-rial/2024-05-22/img-wcYEgAqw46BlxpNY3G9kmWR1.webp)