[03/September/2010]

SANA'A, Sep. 03 (Saba)- The Yemeni Rial has traded at its 78-day high of 0.47 US cents. The Yemeni Rial soared 0.05 US cents (11.9 per cent) to close at 0.47 US cents, after a third day of trading unchanged at 0.47 US cents.

The exchange rate soared 11.9 per cent in the last week and surged 9.3 per cent in the last month.

In the last week the Yemeni Rial traded between a high of 0.47 US cents on September 02 and a low of 0.42 US cents on September 01. In the last month the Yemeni Rial traded between a high of 0.47 US cents on September 02 and a low of 0.42 US cents on September 01.

The US dollar last traded at YR 215.0 or a fall of YR2.50 (1.1 per cent) in the last 24 trading hours. In the last week it was down by 50.0 Yemeni Fils (0.2 per cent) and traded between a high of YR217.50 and a low of YR215.0.

It is currently trading at a discount of 13.3 per cent to the 12-month high of YR248.0 one month ago on 02 Aug, 2010 and at a premium of 7.5 per cent to the 12-month low of YR200.0 eleven months ago on 06 Oct, 2009.

The 200-day moving average price is increasing which is a bullish. The price to 200-day moving average price of YR is 0.96 which is also a bearish signal being below 1.

The GDP of Yemen is YR5,739 billion (US$27 billion) for 2009 - 2010. It grew at 5.8 per cent. Annual inflation for 2009 - 2010 is running at 13.23 per cent.

The bank spot buying rate for inward remittance of one US Dollar is 214.8 Yemeni Rial. The selling rate for outward remittances is 215 Yemeni Rial. The bid ask spread is 0.09 per cent.

YA
Saba