2024-05-22 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

Understanding the Overall Trend

Upon examining the dataset, the overall trend of the exchange rates seems to be relatively stable. The exchange rate showed very minor changes between timestamps. Most rates are around 0.0049. However, there is a slight dip towards the middle of the dataset where the rates go down to 0.00489. Towards the end, the rates exhibit a slight rise up to 0.00491 but then return to the previously observed figure of 0.0049. There do not appear to be any drastic increases or decreases over the period shown in the dataset.

Identifying Seasonality

In terms of seasonality or recurring patterns, the dataset does not provide an evident pattern. As with many financial datasets, there is a high likelihood of complex factors influencing these rates, and any possible seasonal patterns may be subtle and would require deeper analysis and potentially supplementary data to discern. However, based on this dataset alone, a distinct repeatable pattern cannot be identified.

Outliers in Data

Regarding outliers in the dataset, there do not appear to be any instances where the exchange rate differs significantly from the trend. The rates maintain a fairly narrow band between 0.00489 and 0.00491, and no single data point steps outside this range. Therefore, there aren't any demonstrable outliers in this dataset based on the rates alone. Any significant deviation from these observed rates in future or past data can potentially be considered an anomaly.

he Pakistani Rupee (PKR) has showcased an impressive level of resilience against varying market conditions. Over the span of an entire day, its exchange rate remained consistently stable, proving its position as a reliable player in the global financial arena. The journey of the PKR started at an exchange rate of 0.0049, and remarkably, the rate held its ground, reflecting a significant sustenance level and demonstrating the economic stability within the system. Predictably, this persistent unwavering stability played out for a full 24-hour cycle, with only the briefest lapses into 0.00489, after which it promptly returned to its original benchmark. The significance of such a consistency lies in the interpretation of the underlying economic robustness it represents. Normally, exchange rates are subject to multifarious influential factors, encompassing aspects of trade balances, inflation, interest rates, political stability, to mention just a few. The PKR''s rock-solid stability could, therefore, be interpreted as an indication of a well-balanced economy largely impervious to typical economic inflections. The direct impact of this sustained stability resonates well with both domestic and international investors. The sense of low risk in the foreign exchange market bodes well for foreign direct investments (FDIs). From the point of view of importers and exporters, the stability in the exchange rate will enable them to formulate their business strategies with greater confidence, without the impending fear of drastic fluctuations impacting their bottom line. However, while stability is an undeniable asset, it is also essential to recognize its potential downsides. In a global economic context characterized by both growth and contraction, complete steadiness might signify a lack of economic dynamism. This constant stability may imply that the country''s economy is not capitalizing on global economic growth trends, which could potentially hinder economic progression. Looking ahead, while the PKR maintains its stability for the moment, a watchful eye must be kept on the trend. The global economy is certainly not devoid of potential shake-ups in the future. Consequently, the ability of Pakistan''s monetary policy regulators to manage these tremors will be a critical factor in maintaining this stability. In conclusion, while the PKR''s oscillation between a narrow band of 0.0049 proves to be a silver lining depicting economic resilience, it also highlights the need for a calibrated balance between stability and progressive dynamism. Vigilance and prompt, informed decision-making will be key in ensuring the PKR doesn’t stagnate but rather, keeps abreast with global economic fluctuations while serving its national economic interests. Unwavering Stability Dominates PKR Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.