Today's SAR to NPR Price Update

Summary

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

Definition

The Saudi Riyal (SAR) is a major fiat currency issued by the Kingdom of Saudi Arabia, while the Nepalese Rupee (NPR) is the official currency of Nepal. The exchange rate between them reflects market sentiment toward both currencies and the economic relationship between the two regions.

Today’s Price

• 1 SAR = 38.36 NPR
• 24h High: 38.605 NPR
• 24h Low: 38.2716 NPR

Market Analysis

The SAR/NPR pair has demonstrated relative stability in the short term, with recent price action contained within a tight intraday range.

• Technical levels: Key support at 38.2716 NPR, resistance at 38.605 NPR
• Medium-term outlook: According to analytical forecasts, SAR/NPR may move to 38.3628 NPR within a week and 38.9148 NPR within four weeks
• Trading opportunities: Watch for potential upside movement as forecasts suggest a 0.14% increase in the next month, with the rate potentially rising from the current level to 38.32 NPR

Conclusion

Continue to monitor the SAR/NPR pair closely, integrating technical analysis with short-term and medium-term price forecasts. For traders, focus on the key support and resistance levels identified above, and consider the bullish bias suggested by recent analytical forecasts for potential trading setups.