2024-05-10 Pakistan Rupee News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of the Exchange Rates

The exchange rate of PKR shows a relatively stable trend throughout the given dataset. Initially, the exchange rate is recorded as 0.00493 and after a variety of negligible fluctuations, it ends at the same rate. The trend does show a minor increase to the exchange rate of 0.00494 but it soon falls back to the starting figure of 0.00493. Thus, it can be inferred that there is no significant change in exchange rates over the provided period.

Identifying Seasonality or Recurrence

Considering the provided dataset, no clear seasonality or recurrence can be observed in the exchange rate. The exchange rate most frequently fluctuates between 0.00492 and 0.00493, with minor and inconsistent deviations to 0.00494. However, these changes do not hint towards a regular or seasonal pattern. Therefore, it's safe to say that the dataset does not present any definite seasonality or recurrence in the exchange rate.

Noting Outliers

The dataset registers very minor fluctuations and there is no significant deviation observed in the exchange rates. With the rates mostly fluctuating between 0.00492 to 0.00494, no outlier can be detected. Generally, in the financial domain, an outlier would represent a drastic or unexpected swing in the exchange rates, which is not evident in the data given. Thus, all values seem to be in line with the general trend, and no potential outliers are detected.

The Pakistani Rupee (PKR) witnessed a conspicuously stable 24-hour period, according to the recently released time-series data. The exchange rate of PKR over the period ran from midnight to midnight, with little fluctuations from its established spot. Starting at 0.00493, the rates fluctuated intermittently, signifying the stability of PKR in the face of market volatility. This stability seen in the PKR is noteworthy, as it remained consistent across the timeframe, save for minor variations ranging from 0.00491 to 0.00494. This demonstrated steadiness introduces an element of predictability and confidence in the PKR, critical aspects for local and international investors. It is indicative of the relative stability of the Pakistani economy over the period observed, which can provide a sense of security for investors and businesses operating or looking to expand in Pakistan. Economic stability is often linked to steady exchange rates, thus painting a positive picture of the financial situation in the country. This extended period of stability might suggest that the central bank''s measures and government''s policies aimed at economic stabilization are starting to bear fruit. From a broader perspective, such time-series data serves as a significant contributor in advancing financial analysis and enabling investors to make informed decisions. Stable exchange rates favor importers by making international trade more predictable, while also providing relief to domestic consumers as the prices of imported goods are unlikely to increase. Continued exchange rate stability, as seen over this 24-hour timeframe, could potentially increase Pakistan''s foreign investments. By ensuring that changes in exchange rates don''t erode the value of their holdings, stability can encourage foreign investors. Moreover, it reinforces a positive image of the economy and can attract foreign direct investments in sectors like manufacturing, services, and potentially technology. However, while near-term stability is evident, observers are warned not to take it as a guarantee of future performance. Factors like political stability, global commodity prices and the state of the international economy all have a bearing on exchange rates. Looking ahead, stakeholders are keeping their eyes on various indicators such as inflation trends, interest rates and balance of trade figures, to anticipate any possible fluctuations in the PKR exchange rate. Only time will tell whether this stability is a sign of a strengthening economy or just a temporary pause in a volatile market. In conclusion, the provided data signifies a period of tranquility in the often turbulent waters of foreign exchange rates. The consistency observed in this 24-hour period reflects positively on the Pakistani economy''s current state, laying a favorable foundation for local and international investors and reassurance for stakeholders in the economy. Stable PKR Exchange Rates Observed Over a 24-hour Period

Current Middle Market Exchange Rate

For information purposes only.