Today's HKD to NPR Price Update

Summary

This report provides the real-time exchange rate between the Hong Kong Dollar (HKD) and the Nepalese Rupee (NPR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Hong Kong Dollar (HKD) is a major fiat currency and the official currency of Hong Kong, while the Nepalese Rupee (NPR) is the legal tender of Nepal. The exchange rate between them reflects the relative economic strength and investor confidence in both currencies within the Asian currency markets.

Today’s Price

• 1 HKD = 18.53 NPR
• 24h High: 18.5627 NPR
• 24h Low: 18.5115 NPR

Market Analysis

Recent HKD/NPR price movements indicate technical weakness in the pair. The Relative Strength Index (RSI) over the 14-day period stands at 17.742, suggesting that the pair is currently in oversold territory.

• Technical levels: The pair is trading near the lower end of its recent range, with support around 18.5115 NPR
• Risk note: Oversold conditions may present a short-term rebound opportunity, but traders should remain cautious of continued downward pressure
• Trading opportunities: Monitor for potential reversal signals from the oversold RSI levels, with long-term forecasts suggesting an upward bias for the HKD/NPR pair

Conclusion

Continue to monitor the HKD/NPR pair closely, paying particular attention to technical indicators and oversold conditions. Traders should remain alert to potential mean-reversion opportunities while managing downside risks carefully.