This report analyzes the lowest exchange rate of UAE Dirham (AED) - Ouguiya (MRU). The sections include the comparison to other similar currency pairs and losses during the lowest rate date. Additionally, you will find a section that analyzes how low other stronger currencies against AED have gone.
The time range of analysis of this report is between 2018-02-01 and 2018-10-01. We will update this report regularly once in about 2 to 3 months.
Below is a table of contents to help you navigate through the report.
- AED/MRU Lowest Exchange Rate
- 1-Week, 1-Month and 1-Year Losses During AED/MRU Lowest Rate
- Loss At Lowest Rate If You Had Bought UAE Dirham (AED) At Previous Highest Rate
- AED/MRU Lowest Rate Compared To 3 Of The Strongest Currencies
- AED/MRU Lowest Rate Compared To 3 Similar Currencies To Ouguiya (MRU)
- AED to MRU - Top 20 Monthly & Weekly Lowest Average Rates
Recommended Reading: AED/MRU highest rate report will help you look at the best performance of the currency pair in detail (for the same timeframe of analysis as this report).
1 AED/MRU Lowest Exchange Rate
The lowest rate for AED/MRU pair was 9.511300. The corresponding date was 2018-02-02. We will not just stop with mentioning the rate. Rather we will be using a common sense approach to assess the magnitude of the rate drop. The method is explained in the next paragraph.
We will begin by finding the year of occurrence of the lowest exchange rate. For that year, we will be computing the annual and monthly average rates. We will then compare both the averages against the lowest rate.
Below table lists the computed average rates as well as the difference between the lowest rate and the averages.
|Duration||Average Rate||Lowest Rate Vs Averages|
|Year (2018)||9.624525||-1.18 %|
|Month (02-2018)||9.533200||-0.23 %|
Below is a visual representation of the table you just saw. The below graph compares the average rates against the lowest rate of UAE Dirham (AED) - Ouguiya (MRU).
Below table shows daily rates on lowest month:
|Date||Close||One-day Gain (%)||Rate-Change From Past Day|
|1st February 2018||9.5684||0.000000 (0.00 %)|
|2nd February 2018||9.5113||-0.054300 (-0.57 %)||-0.0571 (-0.6 %)|
|4th February 2018||9.5116||-0.001101 (-0.01 %)||0.000299999999999 (0 %)|
|5th February 2018||9.5123||0.000999 (0.01 %)||0.0007 (0.01 %)|
|6th February 2018||9.5398||0.027500 (0.29 %)||0.0275 (0.29 %)|
|7th February 2018||9.5395||-0.000299 (-0.00 %)||-0.000299999999999 (-0 %)|
|8th February 2018||9.5395||0.001101 (0.01 %)||0 (0 %)|
|9th February 2018||9.5388||-0.000700 (-0.01 %)||-0.0007 (-0.01 %)|
|11th February 2018||9.5395||0.000000 (0.00 %)||0.0007 (0.01 %)|
|12th February 2018||9.5395||0.000000 (0.00 %)||0 (0 %)|
|13th February 2018||9.5398||0.001400 (0.01 %)||0.000299999999999 (0 %)|
|14th February 2018||9.5388||-0.000999 (-0.01 %)||-0.000999999999999 (-0.01 %)|
|15th February 2018||9.5395||0.000700 (0.01 %)||0.0007 (0.01 %)|
|16th February 2018||9.5127||-0.026800 (-0.28 %)||-0.0268 (-0.28 %)|
|17th February 2018||9.5127||0.000000 (0.00 %)||0 (0 %)|
|18th February 2018||9.5123||0.000000 (0.00 %)||-0.000400000000001 (-0 %)|
|19th February 2018||9.5123||0.000000 (0.00 %)||0 (0 %)|
|20th February 2018||9.5395||0.027201 (0.29 %)||0.0272 (0.29 %)|
|21st February 2018||9.5398||0.000299 (0.00 %)||0.000299999999999 (0 %)|
|22nd February 2018||9.5395||-0.000299 (-0.00 %)||-0.000299999999999 (-0 %)|
|23rd February 2018||9.5388||-0.000700 (-0.01 %)||-0.0007 (-0.01 %)|
|24th February 2018||9.5395||0.000000 (0.00 %)||0.0007 (0.01 %)|
|25th February 2018||9.5384||0.000000 (0.00 %)||-0.0011 (-0.01 %)|
|26th February 2018||9.5398||0.001400 (0.01 %)||0.0014 (0.01 %)|
|27th February 2018||9.5398||0.000000 (0.00 %)||0 (0 %)|
|28th February 2018||9.5398||0.000000 (0.00 %)||0 (0 %)|
2 1-Week, 1-Month and 1-Year Losses During AED/MRU Lowest Rate
Someone who invested in Ouguiya (MRU) using UAE Dirham (AED) before the lowest rate day is bound to lose if he sold on that day. This section compares the losses one could have made by investing 1 week, 1 month and 1 year before the lowest exchange rate day.
Note: In case you see NA (Not Applicable) values in the below table that denotes a lack of data for the corresponding time range. For example, assume that the lowest rate was during the first week of the range of data used for this report. Then we will not be able to compute the value for someone who invested 1 year before.
There is no data available for previous 1 Week, 1 Month and 1 Year Losses of UAE Dirham (AED) During Lowest Rate Day (2018-02-02).
3 Loss At Lowest Rate If You Had Bought AED At Previous Highest Rate
Buying at high and selling when low is worst case scenario for any Forex investor. This section helps you assess the potential damage for an investor who invested in AED/MRU during the highest rate day that occurred before the lowest rate day of 2018-02-02.
|Previous Highest Rate Date||Close (Rate)||Lowest Close Rate||Losses(%)|
Above table has shown the losses in percentage. Now let us check the impact on a 1000 MRU invested. As per the loss percentage shown in the above table, the 1000 MRU would have become 991.3.
4 AED/MRU Lowest Rate Compared To 3 Of The Strongest Currencies
Now let us compare the lowest rate of AED/MRU pair with three others formed by 3 of the strongest currencies against AED. In other words, we will be analyzing 3 pairs with the selected strong currencies as quote currencies (denoted after the slash symbol.)
To pick the strongest currencies we follow a simple method. We just check those pairs with UAE Dirham (AED) as base currency (before slash symbol) which have exchange rates among the lowest for the recent 12 month period ending 2018-10-01. The corresponding quote currencies are among the strongest ones.
Now we are going to analyze the potential impact of the lowest rate on investments. There is no straightforward way to do it. However, we are going to do a simple analysis that will give you an idea of the potential losses. We are going to measure and compare the differences between the lowest rates and the average rates for the recent 12 month period between 2017-10-01 and 2018-10-01.
Recommended Reading: Have a look at the similar section in the AED/MRU highest rate report to learn more in detail about this method.
|Currency||Pair||Lowest Rate||Avg Rate||Lowest Vs Avg. Rates (%)||Difference (%)|
5 AED/MRU Lowest Rate Compared To 3 Similar Currencies To AED
In this section we are going to compare the performance ofAED/MRU against similar rate pairs but with AED as the base currency. In other words, the currency invested in will be the same in all the pairs under consideration. The range of observation is between 2018-02-01 and 2018-10-01
Below chart displays the lowest rates of MRU as well as 3 other similar currencies against AED.
Below table lists the lowest rates of the currency pairs and a simple comparison. The final column shows the percentage difference between the lowest rates.
Note: A negative difference (last column value) for a currency pair indicates that the pair had lesser magnitude lowest rate than AED/AED.
|Currency||Pair||Lowest Rate||Difference (%)|
|New Taiwan Dollar||AED/TWD||7.868000||-17.28|
6 AED to MRU - Top 20 Monthly & Weekly Lowest Average Rates
This sections displays the monthly and weekly average lowest rates for the currency pair - AED/MRU.
Top 20 Month-wise Lowest Avg. Rates:
|Month-Year||Avg. Rate||Highest Rate (& Rate-Change From Avg.)||Lowest Rate (& Rate-Change From Avg.)|
|February-2018||9.533200||9.568400 (0.0352)||9.511300 (-0.0219)|
|March-2018||9.554832||9.567000 (0.012168)||9.538400 (-0.016432)|
|April-2018||9.595135||9.621000 (0.025865)||9.565600 (-0.029535)|
|May-2018||9.640530||9.648500 (0.00797)||9.620300 (-0.02023)|
|September-2018||9.674704||9.675400 (0.000696)||9.674300 (-0.000404)|
|August-2018||9.674590||9.674600 (9.99999999962E-6)||9.674300 (-0.00029)|
|July-2018||9.674689||9.675700 (0.001011)||9.674300 (-0.000389)|
|June-2018||9.659933||9.674600 (0.014667)||9.629800 (-0.030133)|
|October-2018||9.674675||9.675400 (0.000724999999999)||9.674300 (-0.000375)|
Top 20 Weekly Lowest Avg. Rates:
|Week-Year||Avg. Rate||Highest Rate (& Rate-Change From Avg.)||Lowest Rate (& Rate-Change From Avg.)|
|Week 4-2018||9.539850||9.568400 (0.02855)||9.511300 (-0.02855)|
|Week 6-2018||9.531786||9.539800 (0.008014)||9.512700 (-0.019086)|
|Week 8-2018||9.539157||9.539800 (0.000643)||9.538400 (-0.000757)|
|Week 5-2018||9.530250||9.539800 (0.00955)||9.511600 (-0.01865)|
|Week 9-2018||9.539343||9.539800 (0.000456999999999)||9.538800 (-0.000543)|
|Week 7-2018||9.531671||9.539800 (0.008129)||9.512300 (-0.019371)|
|Week 11-2018||9.566567||9.567000 (0.000433000000001)||9.565600 (-0.000966999999999)|
|Week 10-2018||9.557567||9.566600 (0.009033)||9.539500 (-0.018067)|
|Week 12-2018||9.566467||9.567000 (0.000533000000001)||9.565600 (-0.000867)|
|Week 15-2018||9.592967||9.593800 (0.000833)||9.592800 (-0.000166999999999)|
|Week 13-2018||9.583517||9.616700 (0.033183)||9.565600 (-0.017917)|
|Week 14-2018||9.593367||9.594200 (0.000833)||9.592800 (-0.000567)|
|Week 17-2018||9.620650||9.621000 (0.000350000000001)||9.620300 (-0.000349999999999)|
|Week 16-2018||9.602183||9.620300 (0.018117)||9.592800 (-0.009383)|
|Week 18-2018||9.633834||9.647500 (0.013666)||9.620300 (-0.013534)|
|Week 20-2018||9.647667||9.648200 (0.000532999999999)||9.647100 (-0.000567)|
|Week 19-2018||9.647367||9.647500 (0.000133000000002)||9.647100 (-0.000266999999999)|
|Week 22-2018||9.647783||9.648200 (0.000416999999999)||9.647100 (-0.000683)|
|Week 21-2018||9.647643||9.648500 (0.000857)||9.647500 (-0.000143)|
|Week 28-2018||9.674733||9.675700 (0.000967000000001)||9.674300 (-0.000432999999999)|
Hopefully, the report will help you in your forex investing
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