Today's MXN to NPR Price Update

Summary

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

Definition

The Mexican Peso (MXN) is a major fiat currency representing Mexico’s economy, while the Nepalese Rupee (NPR) serves as Nepal’s official currency. The exchange rate between them reflects market sentiment toward both economies and currency valuation dynamics in emerging markets.

Today’s Price

• 1 MXN = 8.21 NPR
• 24h High: 8.2451 NPR
• 24h Low: 8.2187 NPR

Market Analysis

The MXN/NPR pair has shown relatively tight trading ranges over the recent 24-hour period, with the current rate at 8.2387 NPR per Mexican Peso.

• Technical indicators: The 14-day Relative Strength Index (RSI) stands at 65.099, suggesting a Buy signal
• 30-day performance: The pair traded within a range of 7.9188 to 8.2481 NPR over the past 30 days, with a 30-day average of 8.0298
• Trading opportunities: Monitor price action around current support and resistance levels for potential entry and exit points

Conclusion

Continue to monitor the MXN/NPR pair closely, integrating technical indicators such as moving averages and RSI with market sentiment. Traders should remain alert to potential reversals near key support and resistance levels while considering the broader emerging market currency dynamics.