2024-04-24 Nepalese Rupee News

Summary of Yesterday

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

Statistical Measures

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Trend

Overview of the NPR Exchange Rate Trend

The NPR exchange rate data provided ranges from 0.01025 to 0.0103. The trend seems stable for most of the provided period. However, there are slight fluctuations in the exchange rates with noticeable increment towards the end of the period.

Seasonality and Recurring Patterns

From the data provided, it is challenging to identify any seasonality or recurring patterns in the changes of NPR exchange rates since the variations are quite small and the data is only for a day. To determine seasonality or recurring patterns, it would need more spread out data over an extended period. However, no significant seasonality or hourly recurring pattern was observed in this one day of data.

Identification of Outliers

Outliers in a dataset are values that further away from the mean. Based on the range of NPR exchange rate values, no significant outliers can be noticed. The exchange rate mostly fluctuated between 0.01025 to 0.0103, and all observed rates fall into this range. Therefore, we can conclude that the provided data set doesn't have significant outliers.

For a more in-depth analysis, data over an extended period would be desirable as it would represent trends, seasonality, and potential outliers on a larger scale.

ntal Rise In the world of finance, even the slightest fluctuations can indicate significant changes in the market''s behavior. Over a period of 24 hours, we have witnessed a steady trend in NPR (Nepalese Rupee) exchange rates, moving from a consistent value, to a minor drop, and finally leading to an incremental rise towards the end. The financial day of April 23, 2024, started with the NPR maintaining a constant exchange rate of 0.01028 for several hours. Stability in the currency rates often signals a well-balanced demand and supply cycle, lack of external influences, or periods of reassurance for the investors. However, changes began to unfold as the NPR rate recorded a minor drop to 0.01027. The slight decline in a consistently steady rate speaks volumes about the potential volatility just around the corner. While it may seem insignificant to many, professional traders understand, value these tremors as potential indicators of a trend reversal. As the day advanced further, the exchange rate started to slowly ascend. After several hours of consistent 0.01028 rate, the value rose to 0.01029 and maintained this figure for a substantial duration. Towards the end of the day, the NPR exchange rate experienced a small but significant rise to 0.01030. This change draws attention to the gradual upward shift in the exchange rate throughout the day. The rise from 0.01027 to 0.01030, although seemingly minute, underscores a vital development in the global exchange market. This increase suggests a potential elevation in the strength of NPR in the international exchange platform, influencing the purchasing power of the currency. For prospective investors, this steady shift may serve as a promising indication to invest in the NPR. On the other hand, trends like such alert the ongoing investors to either capitalize on their prior investments or strategize their future moves to avoid any significant losses. However, in the unpredictable arena of financial exchange rates, one must tread with caution and not solely rely on a single day''s trend. Alertness to global events, economic indicators, and geopolitics, along with thorough market research, should guide the investment decisions. Going ahead, it will be crucial to monitor how the NPR exchange rate evolves in the coming days. If this steady yet slight upwards shift continues, it might suggest a stronger market position for the NPR. Ultimately, only time will tell if these indicators are a stairway to stability or a slide into volatility. Finance experts and market participants will surely be keeping a close eye on the unfolding trends. Steady Shift in NPR Exchange Rate Trends Towards Incremental Rise

Current Middle Market Exchange Rate

For information purposes only.