An NK Pro analysis of North Korean exchange rate data points to a range of arbitrage opportunities for those with access to international forex markets.

These opportunities are present in several different areas:

Previous NK Pro analysis suggests that the official exchange (FXW) used in foreign currency stores deviates from both the Federal reserve and ECB benchmark rates frequently, though the deviations are not large, usually less than 2pc, and often well within ±1pc; However, NK Pro market exchange rate data points to sometimes substantial over or under-valuations of the U.S. dollar or Euro on