2024-04-24 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:

Trend

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.

Conclusion

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.

/h1> In an unexpected turn of events, the exchange rate of North Korean Won (KPW) experienced an unparalleled level of steadiness over the past 24 hours. Not a single flicker has been reported in the KPW value, holding steady at 0.00152 in world markets. This stability can be seen as record-breaking, challenging the volatile nature typically associated with currency exchanges. Throughout the date of April 23, 2024, from midnight to midnight, the KPW demonstrated exceptional resilience, remaining unaffected by market fluctuation. Foreign exchange experts and economists worldwide are intrigued by this anomaly since exchange markets are well-known for their constant up and down fluctuations influenced by various national and international monetary factors. The absence of any change in the exchange rate over the entire 24-hour period is unprecedented and has baffled market watchers. This deviation from the typical exchange market''s dynamic, volatile nature is leading to a comprehensive analysis to understand its potential impact and underlying reasons. On one hand, currency stability is often indicative of economic strength and can instill investor confidence. On the other hand, it might also indicate a lack of activity or stagnation, which is not necessarily a positive sign. In the case of the KPW, experts are yet to determine which inference holds. Looking closely at the determined steadiness of KPW, many economists are debating its significance. Some believe this might be a result of North Korea''s increasingly restrictive economic policies, designed to maintain financial control. Others worry that the unnerving stability may point to a lack of market liquidity or potential manipulation. As this monetary perplexity unfolds, international investors and businesses linked to the region are watching closely. The exchange rate is a critical factor in cross-border commerce, and its influence on trade and investment can''t be understated. Market insiders anticipate that this extraordinary steadiness will not sustain for a long duration. They predict that this could be a short-term phenomenon, and the KPW may soon resume its typical flux. In the world of finance, uncertainty often gives way to opportunity. As such, this stable period may present an excellent window for investments in the North Korean markets, provided it aligns with the individual''s or institution''s risk profile and investment strategy. As we continue to monitor this situation, it is important for investors and market analysts to stance prepared for unexpected shifts. Financial experts urge people to keep an eye on the situation to act promptly when the market starts to move. This episode serves as a reminder of the fascinating events that can unfold within international finance and the unpredictability that makes the global exchange market excitingly complex.Remarkable Stability in KPW Exchange Rates for 24 Hours

Current Middle Market Exchange Rate

For information purposes only.