2024-05-14 Nepalese Rupee News
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2024-05-13
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
After analysing the given time-series data for the exchange rates (NPR), here is a comprehensive summary addressing various aspects.
Understanding the Overall Trend of Exchange Rates
From an initial look at the time series data provided, it is noticeable that the exchange rates remain relatively stable throughout the period under examination. The rates hover between 0.01023 and 0.01025, presenting a narrow range of fluctuation.
Identifying Seasonality or Recurring Patterns
While analyzing the pattern of the exchange rates, the data didn't exhibit a clear cyclical or seasonal trend. The exchange rates remained within the same range across different time frames, suggesting that these rates may not be heavily influenced by the time of day or other similar factors. However, a detailed analysis considering more data points might be required to identify any subtle patterns that may exist.
Noting Significant Outliers
- The data shows no significant outliers, with no large peaks or drops in the exchange rates. All the exchange rate data points maintain a consistent range throughout the entire dataset providing a stable currency environment.
- It's important to note that factors like foreign exchange market volatility and key financial announcements can often lead to outliers, but such a scenario does not seem to exist in the provided dataset, indicating a stable financial market during the period in question.
Note: The above analysis strictly adheres to the given data without considering factors such as market opening/closing times, weekends/holidays, or the release of key financial news and reports. To generate a more dynamic understanding of the exchange rates, these factors can potentially be incorporated in future investigations.
![NPR Exchange Rate Maintains Consistent Stability Through the Day](http://currencymart.net/images/news/nepalese-rupee/2024-05-14/img-3rY8lDr1wfMHmObsz97S3VG6.webp)