2024-04-19 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

Overal Trend

The overall trend of the exchange rates is stable. The exchange rate starts at 0.0103 and ends at 0.01027. This changes very little in the given period. Moreover, there are slight fluctuations within this period, but the rate does not increase or decrease significantly.

Seasonality and Patterns

The given data on exchange rates does not seem to exhibit any clear patterns of seasonality either on a daily, monthly, or yearly scale. The data shows minor fluctuations, but these changes do not appear to follow any particular recurrence or cycle.

Outliers

There does not appear to be any significant outliers in the data. The exchange rate stays within a narrow range of around 0.01027 to 0.01031, and there are no sudden jumps or drops in the rates that would suggest an anomalous data point.

n Over a Day In an unprecedented display of stability, the exchange rate for the currency NPR shows only minimal fluctuation over the course of a day according to the latest market data. The dataset given, which provides a snapshot of the NPR exchange rate minute-by-minute throughout the day, reveals remarkable consistency in its value. Starting from a rate of 0.0103 at the beginning of the day, the NPR exchange recorded only minor fluctuations, to finish the day remarkably close to its opening rate at 0.01027. This is an unusual instance in the world of currency trading where changes often occur by the second, shaped by various market and economic forces. This data paints a picture of relative calm for the NPR, showcasing a stability not often seen in the financial world. Upon closer inspection, the data does present slight fluctuations in the rate, moving between 0.01027 and 0.01031 throughout the day. These changes, although slight, could still have significant implications for traders dealing with large volumes of currency. One contributing factor to the NPR''s surprising stability could be attributed to a lack of major economic or political news that could cause significant volatility. That said, while there may not have been momentous developments during this day, the minor fluctuations we observe are likely the result of normal trading activity and market mechanics. However, despite the seemingly uneventful day for NPR, such stability in its exchange rate can be rather significant in the grand scheme of financial markets. It suggests a level of confidence among investors and traders in the strength of the NPR, indicative of positive sentiment around the currency''s economic fundamentals. While the NPR''s behavior on this day is noteworthy, it''s key for investors and traders to remember that the financial markets are dynamic and ever-changing. As such, while this one-day snapshot provides a specific outlook, it does not necessarily predict future performance. Looking ahead, it will be instructive to observe if the NPR can maintain such stability over the longer term. If it does, this could mark a new phase of relative certainty for the currency and could potentially make it an attractive asset for risk-averse investors. Equally warranted is keeping an eye out for any potential shifts in market or economic conditions that could disrupt this stability. In the financial world, even the slightest variance could make a significant difference to investors and traders alike, underlining the importance of diligent and continuous monitoring of market data.NPR Exchange Rate Maintains Stable Yet Slight Fluctuation Over a Day

Current Middle Market Exchange Rate

For information purposes only.