2024-04-23 North Korean Won News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Upon conducting a comprehensive analysis of the provided dataset, the following observations were made:

1. Understanding the overall trend of the exchange rates:

The exchange rates between the timestamps provided in the dataset remained fairly stable throughout the period. From the provided set of data, there is no distinct increasing or decreasing pattern. The trade price fluctuated between 0.00152 and 0.00153. Hence, the stability of the exchange rate seems to be a characteristic pattern for this dataset.

2. Identifying any seasonality or recurring patterns:

From the given dataset, there doesn't seem to be any strong sign of seasonality or recurring patterns in the exchange rates. The rates maintain around the same threshold throughout, indicating that there aren't any conspicuous cyclical fluctuations which could indicate a seasonal pattern. However, a deeper analysis using techniques like Fourier analysis could reveal more subtle cyclical patterns not immediately apparent from a broad overview. Nevertheless, based on the provided data, no such patterns emerge.

3. Noting any outliers or instances where the exchange rate differs:

Upon observation, the data does not contain any significant outliers or major deviations from the observed trend. All observations fall in a very narrow range between 0.00152 and 0.00153, showing a stable pattern without any surprising fluctuations or anomalies. Therefore, for this particular dataset and the specified time frame, it doesn't seem to contain any outliers.

It should be noted that due to the scope of the provided data (only consisting of the exchange rate and timestamp), the above analysis is purely based on the chronological movement and does not consider any external factors like market opening/closing hours, weekends/holidays, political events, or the release of key financial news and reports that might have a significant impact on exchange rates.

Observers In a surprising twist of events, the exchange rates for the Korean People''s Won (KPW) demonstrated an unyielding stability in the face of fluctuating global markets. The consistency of the exchange rate, observed throughout the day on April 22, 2024, took market observers by surprise. Traders, economists, and strategists alike, who have been closely monitoring the value of KPW found themselves in the midst of an unusual calm. With volatility being a common factor in foreign exchange market, the static state of the KPW throughout both peak and off-peak trading hours drew attention. Predominantly changing hands at 0.00152, the exchange rate showed a negligible variation of 0.00153, exhibited only briefly during a few intervals. This stability in the KPW has led to much speculation in financial circles, raising questions about its impact on the broader economic climate. Consistency in currency exchange rates can have differing outcomes, according to market experts. On the positive end, stability reduces uncertainty for businesses engaging in international trade, reducing the risks associated with exchange rate volatility and potentially encouraging investment. However, an inflexible rate could also indicate underlying issues with the economy, such as low growth or deflation risks, which can hamper the effective operation of monetary policies. For the KPW in particular, which is not typically a major player on the global stage due in part to years of economic sanctions and unprecedented economic policies, this stability might be a double-edged sword. It could either be signaling a maturing and strengthening of the North Korean economy which could pave the way for the country to take more room in global economic discourses. Conversely, it could be indicative of potential macro-economic problems. While the reasons for this unusual stability could range from government interventions to limited market access, it has undeniably left industry experts and market players curious about the implications. Looking ahead, all eyes will be on how this unexpected stability unfolds. Will it herald a new era of economic reforms in North Korea, or could it be the calm before a larger financial storm? One thing is certain - economists, traders, strategists and other stakeholders will be watching North Korea very keenly, seeking to understand its economic game plan. A necessary watch would include identifying any change that could break this stability or confirm it as a new normal. This episode has certainly added another layer of intrigue to the already complex story of North Korea''s economy. Unyielding Stability in KPW Exchange Rates Stuns Market Observers

Current Middle Market Exchange Rate

For information purposes only.