2024-04-18 Nepalese Rupee News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of Exchange Rates
Reviewing the data provided, the exchange rate of NPR largely remains stable throughout the given time period. It exhibits very minuscule fluctuations ranging from a minimum of 0.01029 to a maximum of 0.01034. There’s no apparent general trend of increasing or decreasing rates as they rather oscillate around the same value.
2. Identification of Seasonality or Recurring Patterns
Given this data is spanned across a single day only (April 17, 2024), it is not possible to identify any seasonal patterns as they generally require a longer period of time for confident interpretation (monthly, quarterly or annually). Additionally, the time series doesn't exhibit clear periodic (repeating) fluctuations that would imply recurring intra-day patterns. The minor fluctuations that do occur appear to be somewhat random and do not show a clear-cut cyclic repetition within the day.
3. Outliers or Significantly Different Rates
From the data provided, there appear to be no significant outliers in the exchange rates. The variation of rates is within a quite tight range of 0.01029 to 0.01034, which implies that the data does not contain large spikes or drops. This lack of outliers suggests stability in the exchange rate throughout the day.
It’s important to note that this is a superficial, descriptive analysis of the time series data provided, based on the intrinsic properties of the data itself and the general principles of time series analysis. Further, more detailed analysis would likely require the consideration of external factors and could potentially involve the use of more sophisticated statistical modeling techniques.
