2024-05-22 North Korean Won News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The period covered by the data set ranges from 00:00:02 on 2024-05-21 to 23:55:02 on the same day. During this period, there are slight fluctuations in the exchange rate but in general, the rates seem to remain remarkably steady at around 0.00152. The rate does sporadically drop to 0.00151 but these spikes do not result in a clear overarching trend - either upwards or downwards. Thus, it can be concluded that over the course of the day, the exchange rates for KPW are relatively static.
Seasonality or Recurring Patterns
The dataset provides an insight into a single day's worth of time series data, which limits the opportunity to detect any significant seasonal or cyclical patterns. However, even within this short period, the value seems to exchange steadily between 0.00151 and 0.00152, suggesting a daily trading range. This could potentially indicate adiurnal pattern in the exchange rate, subject to the verification with more extended datasets covering multiple days.
Outliers Identification
An outlier in a data set is an observation or point that is distant from other observations/points. In this specific data, there are no extreme values that significantly vary from the standard range (0.00151 - 0.00152). Hence, it can be inferred that there are no clear outliers present in this dataset. The absence of outliers suggests that there were no unexpected events or anomalies in the exchange rates' behavior during the period covered by this dataset.
Note: All these observations are based purely on the given data. They do not take into account any external factors or offline data that could have impacted the exchange rates such as market opening/closing hours, weekend/holiday impact, or the release of key financial news, and reports.
![Stability Reigns as KPW Exchange Rate Holds Steady Through the Day](http://currencymart.net/images/news/north-korean-won/2024-05-22/img-l5EON47CByokIhFqFHCff0o1.webp)