2024-05-06 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 overall trend of the exchange rates during the given time appears to be slightly upwards. At first glance, the exchange rate started at 0.00151 and ended at 0.00152, indicating a slight upward trend. There was also a brief period where the exchange rate rose to 0.00153 and 0.00154, which further signifies an existing upward trend, albeit minor.

Identification of Seasonality or Recurring Patterns

During the initial review of the data, no concrete seasonal or repeating patterns could be discerned. The data did not display regular cyclical or patterned oscillations that would suggest a seasonal trend. However, this observation may require a more in-depth time-series analysis to ascertain any hidden periodic fluxes.

Identification of Outliers

Regarding potential outliers in the data, a couple of instances were identified in which the exchange rate was above the general trend, reaching 0.00153 and 0.00154. These could potentially be seen as outliers as the exchange rate generally stayed within the range of 0.00151 and 0.00152 over the time period given.


Please note that this is a basic analysis based on the provided dataset. The conclusions drawn are based solely on the structured time-series data, and no external factors such as economic or political events have been taken into account. Therefore, these findings should be used as a basic overview rather than a definitive conclusion, and further comprehensive analysis may be necessary for precise forecasting.

ket Confidence As market observers scan the financial landscape, it''s hard to miss the notable cohesion in the exchange rate of the North Korean won (KPW). From the first entry on April 5, 2024, up until the last recorded reading on May 3, 2024, the KPW has exemplified stability, fostering an unwavering sense of confidence among financial sector stakeholders. This data was gleaned from comprehensive time-series records, demonstrating the nuances of the KPW''s exchange rate over this one-month period. What we''ve found is not only a story of financial endurance but an intriguing hint at what such enduring stability might mean for future market trends and wider economic ramifications. Initially, the KPW held its ground at 0.00151 during the first few days of April 2024. This demonstrated an incredibly steady rate that retained its magnitude for days on end, producing minimal fluctuations for both domestic and international market players. The exchange rate took its first leap on April 10, 2024, showing a slight increase to a stable and secure 0.00152. Shortly after, on April 12, 2024, the KPW accelerated again to 0.00153, where it also maintained a steady position until the end of the recording period. This ever-so-slight but consistent increments inspired a renewed sense of faith in the currency''s stability. What makes this stability truly remarkable is the environment in which it existed. Amid the enormous market pressures and uncertainties that typically characterize global financial environments, the steadfastness of the KPW''s exchange rate is indeed a rarity. Market players could count on one critical aspect of the financial markets - the solid consistency of the KPW. Beyond stating these facts, let''s delve into the implications of this stability. Firstly, it depicts a strong level of control exerted by the monetary authorities in the North Korean financial system tailoring their currency''s performance in the exchange market. Also, it implies a solid foundation underpinning the nation''s economy. But why should this matter in the global financial landscape? A stable KPW could potentially promote foreign investment into the North Korean economy, capitalizing on the currency''s reliability. The currency''s infallibility combined with prospective business opportunities could potentially catalyze significant economic growth. Looking forward, what remains to be seen is whether this impressive steadiness carries forward. Should the KPW hold its consistent uptick, market players, economists, and traders will likely maintain a positive outlook. No doubt, this consistency has set a strong precedent, signifying a resilient economic shroud that the global audience is gradually adopting. This case serves as a crucial reminder that the currency markets are wildly unpredictable. Maintaining a sharp eye on data progression remains essential for market insights. Onwards, whether the KPW adheres to its qualitative stability is an exciting prospect to watch out for. However, for now, it stands as a bastion of dependability in a constantly fluctuating global financial ecosystem.Unfaltering Stability in KPW Exchange Rates Inspires Market Confidence

Current Middle Market Exchange Rate

For information purposes only.