Today's HUF to NPR Price Update

Summary

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

Definition

The Hungarian Forint (HUF) is the official currency of Hungary, while the Nepalese Rupee (NPR) is the currency of Nepal. The exchange rate between them reflects the relative valuation of these two fiat currencies and serves as an important indicator for forex traders and those conducting cross-border transactions between Central Europe and South Asia.

Today’s Price

• 1 HUF = 0.458 NPR
• 24h High: 0.46546 NPR
• 24h Low: 0.46178 NPR

Market Analysis

Recent price movements in the HUF/NPR pair show moderate volatility within a narrow trading range.

• Technical indicators: The 14-day Relative Strength Index (RSI) stands at 64.374, suggesting a buy signal for the pair
• Support and resistance levels: Traders should monitor key support and resistance levels to identify potential entry and exit points
• 30-day performance: The pair has traded between a 30-day high of 0.4642 NPR and a 30-day low of 0.4348 NPR, with a 30-day average of 0.4419 NPR
• Trading opportunities: Consider range-trading strategies between established support and resistance levels, using technical indicators for confirmation

Conclusion

Continue to monitor the HUF/NPR exchange rate closely, combining technical analysis with support and resistance level strategies to identify potential trading opportunities. Traders should remain attentive to price action patterns and RSI signals for optimal entry and exit timing.