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Cash Consortium of Yemen - Flash Update 52: YER Exchange Rate Volatility August Week 2 & Week 3

Países
Yemen
Fuentes
ACTED
+ 6
Fecha de publicación

Key findings:

• The IRG vs DFA exchange rate variation currently stands at a 628 YER difference.

• The exchange rate in the IRG areas is continuing to depreciate after a small appreciation in April 2022. While the exchange rate in DFA areas has stabilized after appreciating from 600 YER earlier this year.

• The range between the maximum and minimum value of the exchange rate from Aug W2 & W3, in the South expanded from 45 to 76 YER, indicating a slight volatility across exchange shops in IRG areas, and in the North it stayed the same at 6 YER, indicating a stability across exchange shops in the areas of interests.

• In IRG areas, Southern Hudaydah is continuing to have the highest exchange rate. While in the DFA areas, Sana’a City has the highest exchange rate.