2024-04-30 Nepalese Rupee News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overview of Exchange Rates Trend

In the given dataset, there's a very marginal increase from 0.01022 to 0.01024 in the exchange rates over a time period of 23 hours and 45 minutes. This indicates a generally stable trend in the exchange rates on this particular day (April 29, 2024). There is a minute but steady rate increase over time, but largely, the rates seem to hover between 0.01022 and 0.01024.

Seasonality or Recurring Patterns

In terms of seasonality or recurring patterns, the given data is not sufficient to draw conclusive patterns as it covers less than a full day. We can observe minute fluctuations in the exchange rate throughout the day but cannot definitively say there is a seasonal pattern over a period greater than a day or other recurring patterns, such as weekly or monthly ones. As such, at first glance, it appears that there's no significant seasonality or recurring pattern.

Outliers and Significant Deviations

From a quick review of the data, there don’t appear to be any significant outliers. The exchange rate neither drops below 0.01022 nor exceeds 0.01024, remaining within this narrow range for the entire day. Therefore, based on this dataset, we don't have any substantial unexpected deviations from the general trend or significant outliers.

1> The sceen in the financial market today presented a stark contrast to the usual fluctuations as the exchange rate of the NPR (Nepalese Rupee) remained constant throughout significant parts of the 24-hour trading cycle, yielding a relatively predictable market landscape. Looking at data from Tuesday, the 29th of April, 2024, the NPR proved to be consistent during daylight operating hours, maintaining a 0.01022 exchange rate within the first five hours of the day. It demonstrated an unexpected display of stability, particularly in an economy renowned for its varying currency inflation rates and interest rates, which impacts the cost of exchange. Towards the later end of the day, there was a slight increment in the exchange rate, increasing to 0.01023, and then later to 0.01024. However, the changes were slight and didn''t disrupt the overtly stable market. In financial terms, it''s rare to witness such a stable landscape over such a long duration. It''s reminiscent of successful interventions or regulatory stability measures, which assist in strengthening an economy''s perceived financial security. Despite this unprecedented stability, the market errs on the side of caution. While it may demonstrate a well-regulated economy, potential investors also view stability as stagnation, signaling a lack of growth or opportunity. Hence, market participants may be hesitant, as NPR showed signs of being a less profitable exchange currency in terms of significant short-term gain. This stagnation may also mean that the economic measures in place by the central bank or governmental bodies may be too strident, possibly inhibiting the natural fluctuations of the market. Nevertheless, consumers and businesses enjoy the predictability of knowing there will be little disruption in the cost of goods and services. Looking ahead, analysts and investors will be waiting keenly to see how long this unusual stability in the exchange rate continues. They will be watching for any signs of regulatory changes or financial reports that could impact this phenomenal steadiness. If it does maintain its course, it would certainly be an historical development in financial markets, particularly for the NPR. However, since the potential for both growth and loss seem to be significantly reduced in this stable market, it might usher an era of increased conservatism in investment strategies. The lack of sharp rises could mean a decrease in quick profits, moulding more long-term, low-risk investment portfolios. As we mark this intriguing milestone in financial history, only time will tell how the market will adapt to prolonged stability and what the potential implications for the global economy might be.Stable NPR Dominates Market Throughout Daylight Hours

Current Middle Market Exchange Rate

For information purposes only.