2024-03-12 North Korean Won News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


1. Overall Trend of Exchange Rates

Based on the provided data, we can see that the exchange rate (KPW) has remained constant at 0.00152 over the entire period. There are no instances where the rate increases or decreases. Based on this observation, it is safe to conclude that the exchange rate has remained completely stable without any sign of volatility.

2. Seasonality or Recurring Patterns

Since the exchange rate has remained constant throughout the provided timeframe, there is no clear evidence of seasonality or recurring patterns. Normally, in the case of fluctuating rates, we could observe patterns such as daily, weekly, or monthly cycles, which might be influenced by factors like opening/closing hours of the market and financial news and events. However, such patterns don't surface in this dataset given the steadfast rate.

3. Outliers in the Exchange Rates

As there has been no variation in the exchange rate throughout the provided data, it follows that there are no outliers. An outlier would represent a significant deviation from the observed trend or pattern. Given that the rate is unwavering, any change would likely be considered an anomaly, but no such instances occur in this dataset.


Based on the analysis, the KPW exchange rate displayed unprecedented stability during the period represented in the dataset. There were no observable trends, patterns, or outliers in the data, suggesting that during this period, the exchange rate was not susceptible to typical market dynamics and remained unaltered.

tes The North Korean Won (KPW) maintains a steady flatline as it continues to record an unyielding and consistent exchange rate. According to the time series data for exchange rates on March 11, 2024, the KPW held a static position at 0.0015 throughout the day. This steady navigation despite global currency fluctuations signals a strong and stable control of the North Korean currency valuation. Since its introduction in 1947, KPW''s journey has been one of turbulence and unexpected turns, embarking on multiple economic reform phases, including redenominations. However, in recent times, the currency has demonstrated remarkable constancy. The exchange rate''s consistency throughout the day draws attention to North Korea''s ironclad control over its currency, shielding it from the usual peaks and troughs prevalent in other global currency markets. The stringent control of the exchange mechanism insulates the KPW from wild fluctuations, ensuring its stability. This unwavering stability is a testament to the policies implemented and enforced by the North Korean government. While the exact elements contributing to this persistent flatline are unknown, given North Korea''s closed economy, experts speculate that firm governmental control plays a significant role. This steadfast exchange rate also points toward an internal economic system less affected by global market disruptions. Indeed, much of North Korea''s economy operates in isolation from international forces. This insulation dampens the potential impact of global market dynamics on the KPW. Despite the seeming stability, it''s crucial to note that a steady exchange rate may indicate a lack of economic dynamism. Conversely, a fluctuating currency often reflects a vibrant and active economy engaged in significant international trade. Looking ahead, the stability of the KPW will largely depend on North Korea''s economic policies and its extent of financial and commercial interaction with the rest of the world. However, given the current geopolitical climate and North Korea''s inclination towards economic self-reliance, it is reasonable to anticipate minimal disturbance in the exchange rate. Observers and experts alike will keenly watch for any changes reflecting shifts in the country''s economic policies and practices. Conclusively, it''s undeniable that the unwavering stability of the North Korean Won is a reflection of the nation''s unique economic circumstance. Yet, this lion''s share of control also begs the question: at what cost does this sit-rep come? Unwavering Stability Marks North Korean Won Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.