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 linked to the Hong Kong financial system, while the Nepalese Rupee (NPR) serves as the official currency of Nepal. The exchange rate between them reflects market sentiment regarding currency valuation and cross-border financial flows between the two regions.

Today’s Price

• 1 HKD = 18.52 NPR
• 24h High: 18.4971 NPR
• 24h Low: 18.4833 NPR

Market Analysis

Recent price movements in the HKD/NPR pair show relatively tight trading ranges within the 24-hour period. Technical indicators suggest cautious market positioning.

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 25.357, indicating oversold conditions and a bearish signal for the pair
• Key resistance: 18.895 NPR (14-day forecast target)
• Near-term target: 18.758 NPR
• Risk note: Oversold RSI readings may present reversal opportunities, though traders should exercise caution given current market conditions

Conclusion

Continue to monitor the HKD/NPR pair closely, integrating technical indicators with broader market sentiment. Traders should remain alert to potential mean reversion plays given the current oversold technical setup while maintaining disciplined risk management protocols.