2024-04-29 Nepalese Rupee News

Summary of Last Week

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

Statistical Measures

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  • Standard Deviation:

Trend

An Overall Trend in the Exchange Rates

Before diving into an in-depth analysis of the dataset, the overreaching trend of the NPR exchange rate needs to be described. The initial rate at the beginning of the observed period was 0.01015 while towards the end of the dataset the rate was 0.01025. Importantly, the rate did not show drastic changes throughout the period. Generally, a slight upward trend can be observed in the data, indicating a minor growth in the exchange rate value over the period.

Seasonality or Recurring Patterns

Unlike many other economic indicators, foreign exchange rates are highly influenced by global economic events; however, they may also reveal certain seasonal or recurring patterns. Based on the data at hand, the NPR exchange rate does not show strong evidence of seasonality or recurring patterns. The scrip is almost flat with only slight fluctuations within the range of 0.01015 and 0.01034 throughout the period examined.

Outliers and Anomalies

Outliers and anomalies are defined as the observations that deviate significantly from other observations in the dataset. In the NPR exchange rate data provided, there do not appear to be noticeable outliers. None of the exchange rate points fall drastically outside of the 0.01015 to 0.01034 range in which most of the data is concentrated. This indicates that during this observed period, the NPR exchange rate remained relatively stable without considerable peaks or troughs. Thus, the data can be considered consistent, with no observable anomalies.

Final Remarks

In summary, the NPR exchange rate from late March to late April 2024 has remained fairly stable with a slight upward trend. The exchange rate started at 0.01015 and ended at 0.01025 with a slight peak of 0.01034 in mid-April. The data does not show any pronounced seasonality, recurring patterns or outliers observed. These findings provide an understanding of this exchange rate's behavior over the selected one month period, which could serve as a basis for further long-term analysis.

Shift In recent weeks, the Nepalese Rupee (NPR) has been demonstrating significant, albeit subtle, fluctuations in its exchange rate. The numbers indicate a potential market shift, adding a new dimension to the financial landscape. From March 29 to April 26, 2024, the NPR exchange rate against USD experienced a pattern of incremental rises and dips. It embarked on this journey from a modest 0.01015, with minor increases and decreases throughout the period. Following a steady phase, the NPR exchange rate surged to 0.01034 on April 12, marking the highest point during this timeframe. However, this high was followed by a downtrend ending at 0.01025 on April 26. These fluctuations, though seemingly negligible at first glance, portray a dynamic financial market with its inherent volatility. The changes in the NPR''s value are notable as they reflect both domestic and international economic factors. The initial period of stability was likely due to the market''s cautious response to evolving economic circumstances. The subsequent surge in the NPR value might have been an effect of increased investor confidence or a favorable shift in Nepal''s economic indicators. The subsequent drops, albeit modest, signal a market correction. Such a correction often creates an environment conducive for investors to reassess market conditions, adjust their strategies, and bolster their positions. This fluctuating pattern in the NPR exchange rate could serve as a precursor to broader economic shifts. While the currency value movements are too subtle to trigger immediate alarm, they illuminate the potential for more substantial fluctuations in the future. It places the government, investors, and financial institutions on a higher state of alert. Moreover, these changes underscore the interdependencies that exist in today''s globalized economies. Movements in the NPR exchange rate can impact not just Nepalese but international investors with stakes in the country. Looking ahead, the critical thing to monitor would be how the NPR''s value behaves over the next few months. Especially crucial would be the actions of Nepal''s central bank in managing these fluctuations and its effect on inflation and interest rates. The financial market, as it stands today, is abuzz with speculation and possibilities. For investors, it''s an intriguing period to reassess their strategies and brace themselves for potential waves that the future might hold. As we step into the next quarter of 2024, one thing is apparent - the global financial landscape is dynamic, and the NPR is no exception to this rule. The story of the NPR is far from over, and the next chapter might be pivotal in outlining the future course of Nepal''s economy.NPR Exchange Rate Fluctuates, Indicates Potential Market Shift

Current Middle Market Exchange Rate

For information purposes only.