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Yemen

Cash Consortium of Yemen - Flash Update 72: YER Exchange Rate Volatility June Week 2 & Week 3

Attachments

Key findings:

  • The difference between the IRG and DFA exchange rates currently stands at 834 YER, indicating a significant variation.

  • The exchange rate in DFA regions has shown an appreciation trend since April 2022.

  • During the period of Jun W2 & W3, the exchange rate range between the maximum and minimum values expanded from 37 to 40 YER in the South, indicating a slight volatility in exchange shops within the IRG areas. In contrast, the exchange rate range in the North shrank from 8 to 7 YER, indicating stability among exchange shops in the DFA areas.

  • Both Taizz and Sana’a City have the highest exchange rate values in IRG and DFA areas, respectively.