2024-05-09 Nepalese Rupee News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Trend of Exchange Rates
Upon inspection of the provided time-series financial data, it can be observed that the exchange rate of NPR remains relatively stable with minor fluctuations. There are slight variations in the range of 0.01026 and 0.01030, illustrate a relatively stable exchange rate over the given timestamps. The rate's changes are mostly incremental indicating a minor depreciation trend over time.
2. Seasonality and Recurring Patterns
With regard to seasonality and recurring patterns, the data does not indicate any obvious seasonal trends. The exchange rate exhibits minor fluctuations throughout the period but does not seem to follow a specific recurring trend or pattern. Therefore, it's safe to say that no clear seasonality can be detected within this provided dataset. An analysis on a broader data set might be necessary in order to determine any potential seasonality within the rates.
3. Outliers Analysis
Again, due to the freshness and relatively low volatility of the exchange rate in the data set, we do not observe any significant outlier or dramatic shift that would disrupt the overall trend. Even the highest value (0.01030) and the lowest value (0.01026) are considerably close to each other. Hence, considerable outliers or extraordinary values in the exchange rates are not present.
In summary, the exchange rates over the timeframe provided remain relatively stable, with very minor depreciating trend and no apparent seasonality or change factors. Additionally, no significant outliers are observed that would disrupt the overall flat trend. A broader or different scope of data might be necessary for a more comprehensive fluctuation analysis and to identify potential seasonality.
![Steady Stance Amid Volatility: An In-depth Look at NPR Exchange Rate](http://currencymart.net/images/news/nepalese-rupee/2024-05-09/img-wnzSDXJi3qku29uLjvEGCooh.webp)