2024-05-10 Nepalese Rupee News

Summary of Yesterday

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  • Difference of Daily High & Low:

Statistical Measures

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Trend

Overall Trend

The overall trend of the NPR exchange rate in this dataset appears to be relatively stable. The majority of data points sit around the 0.01027 and 0.01028 marks, fluctuating slightly but not showing significant upwards or downwards trends.

Seasonality and Recurring Patterns

Identifying seasonality or recurring pattern from this dataset can be quite challenging, often requiring more sophisticated time-series analysis or machine learning models. From a straightforward observation of the dataset, it's hard to deduce any clear seasonality or recurring patterns. The Exchange rates appear to fluctuate randomly to a slight degree around the mean numerous times throughout the given period. Without more detailed data or a longer-term timespan, it's difficult to point out specific recurring patterns.

Outliers

  • At the timestamp 2024-05-09 05:35:02, the value slightly drops to 0.01026 from the common value of 0.01027 and stays at this value intermittently until the timestamp 2024-05-09 07:35:03, where the value decreases further to 0.01025. This could be considered an outlier as it differs from the general trend in the data.
  • Another potential outlier happens at timestamp 2024-05-09 20:40:03, the value rises to 0.01027 from the most recent common value of 0.01023, then quickly rises further to 0.01028 at timestamp 2024-05-09 20:55:02, this trend continues until the end of the dataset.

As stated, these potential outliers are determined by a simple viewing of the data, detailed statistical analysis would likely provide a more accurate detection of outliers.

uctuations In recent financial news, it has been observed that the Nepalese Rupee (NPR) exchange rate has displayed a remarkable level of consistency despite certain minor fluctuations over a 24-hour period on May 9, 2024. The data-based insights derived from the time-series indicators have shed a unique light on the currency exchange patterns exhibited by the NPR. From the early hours of the trading day, the NPR exchange rate remained steady, with a token rate of 0.01027, for an impressive stretch of several hours. This plateau, continuing uninterrupted from midnight to 5:35 AM, set an initial stabilizing tone for the financial market. Thereafter, the rate experienced a minor downtrend portion drop to 0.01026 between 5:35 AM and 5:50 AM, beginning a period of more pronounced yet cautious currency adjustments. Throughout the rest of the day, a series of transitions oscillated between 0.01026 and 0.01023, with the final few hours witnessing an uptick back to the initial rate of 0.01028, ending the day with a cyclical recurrence of its initial stability and predictability. This pattern shown by the NPR indicates an inherent resilience amidst changing market conditions. Even in the face of varied economic pressures, the NPR demonstrated a steadfast consistency, bolstering investor confidence and maintaining its status as a potentially reliable investment in the volatile currency trade market. The significance of this day''s occurrence lies not only in the observed stability of the NPR but also in the layout it provides for future market predictions. With periods of steadiness and slow, calculated shifts, investors could leverage these time-frames for strategic transactions, potentially maximizing their returns. Furthermore, the market response to such steadiness could influence other sectors of the economy. It could result in a more favorable environment for imports, exports, and gross domestic product. The consistency in the exchange rate may also aid the central bank in maintaining control over inflation rates, a crucial aspect of any economy. Looking forward, while the NPR''s steadiness within a 24-hour period might be seen as a favorable sign of stability, it is vital for stakeholders to remain vigilant of the market dynamics. Financial stability is influenced by myriad factors, including but limited to, the central bank''s monetary policy decisions, global economic indicators, geopolitical circumstances, and even unexpected catastrophic events. Investors and economists alike should closely observe these factors while keeping an eye on the NPR exchange rate''s pattern. If the consistency continues, it could signal a lasting trend. If it ends up being an anomaly, however, the market could well be in for a roller coaster ride in the days to come. Either way, the events of May 9, 2024, and what they signal for the future of the NPR exchange rate will undoubtedly garner a close watch from all corners of the globe.NPR Exchange Rate Display Remarkable Consistency Amid Fluctuations

Current Middle Market Exchange Rate

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