2024-04-22 North Korean Won News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend of the Exchange Rates

The data spans from March 22, 2024, to April 19, 2024. During this period, the provided exchange rate data for KPW is mostly stable with an initial minor decrease from 0.00151 on March 22, 2024, to 0.0015 from March 28, 2024, until April 9, 2024. On April 10, 2024, the rate increases back to 0.00152 and stays in that range till April 11, 2024, after which the rate sees a further increase to 0.00153 till April 15, 2024. From April 16, 2024, the rate increases again slightly to 0.00154 but drops back to 0.00153 by the end of the given timeframe on April 19, 2024. The changes in the exchange rates are seen to be very nominal and do not indicate a definitive increasing or decreasing trend. The overall range of change throughout the given period is 0.00003.

Seasonality or recurring patterns

No clear seasonality or recurring pattern about the changes in exchange rates can be elucidated from the given dataset. The data does not reveal any specific weekly or monthly effect, as the exchange rate essentially fluctuates between 0.0015 and 0.00154 throughout.

Outliers in the Dataset

The provided data does not signal the presence of significant outliers. The exchange rate movement is quite uniform, exhibiting only slight increases and decreases. Consequently, all values lie within a very narrow band (0.0015 to 0.00154), and none of the observations deviate drastically from the general trend.

et The Korean People''s Won (KPW) exchange rate has been exhibiting remarkable steadiness over an extended period, leading to unforeseen stability in the market. The KPW exchange rate, which has remained steady at 0.00151, only dropped to 0.0015 for brief periods, and rose to 0.00153 and 0.00154 on a few occasions over the tracked times. The data, spread across multiple timestamps throughout March and April 2024, indicates an unexpected pattern of resilience for the KPW. Economists and financial analysts have been caught off guard by the Korean currency''s prolonged steadiness, as it contradicts the usual fluctuating nature of foreign exchange markets. This exceptional steadiness could be attributed to several reasons. Rigorous economic reforms, shrewd fiscal policies, and the central bank''s vigilant monitoring might have contributed to this outcome. This level of stability is rarely seen in the financial world, especially in foreign exchange markets, which are notorious for their volatility. Market stability is always desirable as it minimizes risks for investors and businesses. The KPW''s constancy provides them with certainty, allowing for accurate long-term planning without the concern of exchange rate fluctuations. This promotes foreign investment, boosting the country''s economy. Experts suggest that the KPW''s stability could be linked to factors such as robust economic growth, prudent monetary policies, and a solid financial sector within the country. It also implies that inflation is under control, which bolsters consumer and investor confidence. This isn''t to imply that the market is devoid of any movement. The rate did dip to 0.0015 occasionally and even peaked at 0.00153 and 0.00154 by mid-April. Nevertheless, these episodes were brief and did not significantly disrupt the overarching stability narrative. However, it is crucial to remember that while long-term stability can be beneficial, short-term fluctuations are also a part of a healthy, functioning market. They reflect the market''s responses to changes in economic conditions and policies, both domestically and internationally. Looking ahead, market watchers should keep an eye on how the KPW performs in the coming months. If the pattern continues, it could indicate a new era of stability for the currency. Conversely, any significant deviations might suggest a return to regular market dynamics. Future implications could be wide-ranging. If maintained, this stability might attract additional foreign investments, potentially driving economic growth. On the other hand, if this pattern is broken, it might indicate changes in domestic or international economic conditions, which could have ripple effects on the financial market. Essentially, the KPW''s performance in the coming months will offer vital insights into the country''s economic health and, potentially, its future direction. It''s an unusual development that financial analysts and investors alike will be watching closely.Continuous Stability in KPW Exchange Rate Surprises Market

Current Middle Market Exchange Rate

For information purposes only.