2024-04-16 Pakistan 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

Overall Trend of Exchange Rates

Based on the data provided, there seems to be a rather stable trend in the exchange rates. The rates appear to stay in the range of 0.00494 and 0.00496 across the provided period, with minimal fluctuation. The stability can also be seen on a day-to-day basis as there is little variation in rates within each day.

Seasonality or Recurring Patterns

The data does not show any pronounced seasonal pattern or recurring trend in exchange rates. The values neither consistently increase nor decrease at any specific time within the day. The exchange rates mostly remain stable within a narrow band. This suggests that this exchange rate is probably not significantly impacted by intra-day trading patterns, or it could also indicate a relative balance of buying and selling pressures throughout the day.

Outliers and Unexpected Instances

The data does not exhibit any stark discrepancies or outliers. The exchange rate remains relatively consistent. A minute dip is seen in the rates, changing from 0.00495 to 0.00494, but this is negligible and does not affect the overall trend. All rates fall within a narrow range and there are no data points that significantly deviate from this range.

Summary

In conclusion, the PKR exchange rates over the time period specified exhibit a relatively stable trend with negligible variations. There is no evident seasonality or recurring patterns within the data. The dataset is also devoid of any significant outliers, suggesting a consistent performance of the currency during this period.

> It was a day of stability in the foreign exchange market, as the Pakistani Rupee (PKR) stood its ground despite periods of market volatility. The PKR began with an exchange rate of 0.00495 and ended the day at the same value, showing its resilience against market fluctuations. In the early hours of the day, the PKR to USD exchange rate remained consistent at 0.00495. It was seemingly business as usual, until there was a slight decrease to 0.00494 in the mid-morning hours. While this change was marginal, it still signified a shift in the market trend. However, the PKR did not lose its footing and quickly reclaimed its near-opening value of 0.00495 by the afternoon. Notably, the currency managed to maintain this level of stability for several hours, demonstrating a resolute stand against market shakiness. This display of steadiness attests to the strength and resilience of the PKR. The ability to maintain its position amidst a fluctuating market demonstrates the confidence investors have in the PKR''s performance, leading to a generally bullish sentiment. While the PKR''s unwavering performance during the day is laudable, it''s also important to understand the context of these market movements. Global economic events – from policy changes and trade agreements to geopolitical tensions and financial crises – can influence exchange rates. A stable exchange rate, particularly in a tumultuous market, signifies a strong economy that''s capable of sustaining external pressures. In this case, the PKR''s stability could be attributed to various positive economic indicators – a healthy balance of trade, stable inflation rates, and robust foreign exchange reserves. These factors can contribute to maintaining the PKR''s exchange rate vis-à-vis the USD. Looking forward, investors and market participants should keep an eye on economic indicators and forthcoming policy decisions, both at home and abroad, which could impact the currency trajectory. Additionally, understanding the underpinnings of the PKR''s stability can provide insights for investment decisions and financial planning advice. In conclusion, the steadfastness of the PKR amidst fluctuating market trends is an encouraging sign for investors and policy strategists alike. Its performance is a testament to the robustness of the Pakistani economy and its resilience to wider market volatility.Steadfast PKR Holds Stable Despite Market Volatility

Current Middle Market Exchange Rate

For information purposes only.