2024-04-17 Nepalese Rupee News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Understanding the overall trend of the exchange rates

The data provided shows the changes in the exchange rate from 0.01034 to 0.01032 over a period of 24 hours on 16th April 2024. The exchange rate shows a slight decrease, which means that the value of the currency is slightly depreciating over this period.

Identifying any seasonality or recurring patterns in the changes of exchange rates

From analysing the provided data, we can recognize that no clear pattern of seasonality or cyclical change within the 24-hour period. The fluctuations in the exchange rate are relatively minor and don't demonstrate a consistent pattern within this one-day period.

Noting any outliers in the exchange rate

In this particular set of data, we can't visibly detect any massive fluctuations or outliers. All changes in the exchange rates remain within a very limited range throughout the day. While there are slight variations in rates, they do not appear to be drastic or inconsistent enough to be identified as outliers based on this single day's dataset.

Please note that this analysis is based solely on the observations from this specific data and can only provide a single day's snapshot. For a more accurate understanding of the exchange rates trend, seasonality, and potential outliers, it would be necessary to analyse a broader dataset that covers a longer time period.

ty The steady ascent of the NPR (Nepal Raupya) exchange rate in the past hours signals a potential trend towards market stability. In a world constantly buffeted by economic perturbations, this instance of stability in the financial market presents a welcome respite and an indication of positive investor sentiment. In the early hours of April 16, 2024, the NPR exchange rate exhibited a recognizable upward movement, albeit sometimes negligible, which persisted throughout the entire day. The rate kicked off at 0.0103 at midnight and recorded a marginal rise, reaching 0.01035 in the mid-morning hours. While the rise may be minuscule at face value, it reflects an essential sign of stability in global markets, often indicating a healthy economic environment. The fact that the exchange rate did not plummet dramatically, likewise, communicates a robust investing climate that encourages more transactions and bolsters investor confidence. Typically, exchange rates serve as a global economic thermometer. They minutely respond to changes in economic environments and can sometimes predict the future course of economies. Thus, a consistent rise in NPR’s exchange rates implies an optimistic future monetary outlook. Though the increment might seem insignificant, even small changes in exchange rates can have a substantial impact on economies, particularly concerning imports and exports. For instance, a higher exchange rate can make imported goods more expensive, potentially affecting the cost of living, inflation, and even monetary policies. However, it is crucial to mention that myriad factors are at play in determining exchange rates — from interest rates and inflation to political stability and economic performance. Hence, while the steady rise of the NPR indeed presents an auspicious sign, investors and market players must remain wary of potential economic shifts and global happenings that could affect the rate. Looking ahead, the market will closely watch the future trajectory of the NPR’s exchange rate. Potential indicators to observe include fluctuations in international market conditions and Nepal''s domestic economic performance. Nevertheless, if this current trend of forward momentum continues, and as long as macroeconomic fundamentals remain intact, the market can potentially look forward to sustained stability. In conclusion, the consistently improving NPR exchange rate, recorded on April 16, 2024, is a testament to the growing strength and resilience of the global financial market, particularly during these tumultuous economic times. Profound knowledge and understanding of such trends are the essence of successful investing and economic forecasting. Thus, remaining informed and prepared is not only significant but absolutely vital.Steady Rise in NPR Exchange Rate Portends Market Stability

Current Middle Market Exchange Rate

For information purposes only.