Stability Reigns Supreme as KPW Exchange Rate Maintains Steady Trend

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Analysis

The exchange rates given in the data are all constant, at a value of 0.00152. Over the given time period, the exchange rates have remained stable and show no change.

Trend Analysis

As the exchange rate value remains constant, there is no discernible increasing or decreasing trend in the data. The exchange rate has been 0.00152 throughout the timestamp data provided.

Seasonality or Recurring Pattern Analysis

Given that the data maintains constancy, no seasonal or recurring patterns can be detected from the data. Whether considering the data on a hourly, daily, or weekly basis, the exchange rate remains steady at 0.00152.

Outliers Analysis

There are no outliers in this dataset as all exchange rate values remain consistent at 0.00152. The range of the dataset is 0, indicating no variation in the values recorded.

Conclusion

This time series data represents a rare situation where the exchange rate has remained fully stable throughout the given time period. It suggests that the KPW exchange rate observed has shown no volatility over this specific period. It's always important to remember, however, that past performance and behavior are not indicative of future trends.

` **Article** The North Korean Won (KPW) appears to be a pillar of strength based on recent data, showcasing minimal fluctuation over a 24-hour trading period. In the wake of global economic turbulence, the KPW seems to be an unusual beacon of stability. The data suggests that from midnight to midnight on May 13th, 2024, the value of the KPW was maintained at a steady rate of 0.00152. Not a single fluctuation was observed throughout the entire trading period, an almost unprecedented scenario in the bustling landscape of forex markets. The who and where of this data indicate it is the KPW, the North Korean national currency, that exhibits this unwavering stability. When it comes to why the North Korean Won has sustained its value against other currencies is a more complex question to address. Economic performance, political stability, global market trends, and national fiscal policies can all significantly affect currency exchange rates. Strangely, the KPW is maintaining stability in the high-paced, ever-fluctuating world of foreign exchange markets. This market behavior indicates a level of economic certainty within North Korea, making the country an interesting prospect for financial analysts and economists worldwide. The tightly controlled, autocratic regime''s firm hold on all national aspects, including the economic and financial sectors, could be a prevalent factor in this unexpected monetary stability. However, it''s also possible that few trades are being conducted with the KPW due to North Korea''s external economic sanctions and limited interaction with global financial systems. The persistent value could primarily be the result of low liquidity in the currency''s trading. While many might view this unwavering stability as positive, it potentially raises inherent financial risks. Market stagnation can suggest a lack of economic growth, and the rigid value could imply a lack of investment, both foreign and domestic alike. Moreover, a consistent exchange rate obstructs the country''s ability to counteract against external economic shocks, leaving it vulnerable to potential crises. Although the current stability is providing a sense of security in the immediate term, market watchers should remain vigilant regarding the long-term horizon. Those keen on monitoring this inexplicable economic phenomenon should keep an eye on forthcoming North Korean economic reports and potential changes in international relations affecting the state. The persistent KPW value indicates a unique case of currency stability in the volatile world of foreign exchange. It continues to pose more questions than answers, turning the eyes of the global financial community towards one of the world''s most secretive nations. As we move further into 2024, the world watches with bated breath to see whether this phenomenon will continue to hold.Stability Reigns Supreme as KPW Exchange Rate Maintains Steady Trend

Current Middle Market Exchange Rate

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