2024-04-29 Nepalese Rupee News
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- 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.