2024-03-12 New Israeli Sheqel News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Based on a preliminary review of the provided time series dataset, here are my findings:

Understanding the Overall Trend

The overall trend of the exchange rates seems to be fairly stable, with minor fluctuations throughout the period under consideration. The rate started at 0.36266 ILS at 00:00:02 on 23rd April 2024 and ended at 0.36280 ILS at 23:55:02 on the same date. This suggests no significant upward or downward trend in the exchange rate for this particular day.

Seasonality or Recurring Patterns

Upon an initial review, the exchange rates don't seem to present a clear pattern of seasonality on an intraday basis. The fluctuations appear to be more random rather than cyclical, and there isn't an apparent recurring pattern within this one-day frame. Longer-term data would be necessary for more accurate seasonal or cyclical pattern identification.

Identification of Outliers

Considering the relatively consistent rate fluctuations, instances of particularly high or low exchange rates (outliers) do not appear to be present in this dataset. However, a more detailed statistical analysis could reveal subtle outliers not immediately noticeable from a preliminary review.

Please note that these observations are preliminary and based on the provided dataset which only covers a single day. While it gives us a snapshot of the exchange rate movements, it might not capture the full picture. To make more accurate assessments of trends, seasonality, and outliers, an extended dataset would be invaluable.

In a surprising turn of events, the Israeli Shekel (ILS) witnessed a noticeable downtrend in its exchange rates, sparking attention from worldwide markets. Analysts are currently monitoring the situation closely to uncover potential factors behind this unexpected downturn. At the beginning of March 11, 2024, the Shekel started at an exchange rate of 0.37147. Within a short interval, the rate peaked at 0.37734, offering a promising start for the day. Unfortunately, the upward trend was short-lived. While minor fluctuations were observed throughout the first part of the day, the Shekel began a steady decline, ending with a lower exchange rate of 0.37142 by midnight. The downward journey saw some noteworthy points, a significant one being at 01:15:02 when the rate steeply fell to 0.37516 from 0.37617 within a brief five-minute interval. While we witnessed some recovery in the following hours, the overall downward trend was dominant. By 19:00, the rate had reached 0.37147, returning to pretty much the same level as the start of the day. Analysts are rushing to interpret this unexpected trend in the Israeli currency''s evaluation, and its implications on the global financial market. Factors such as political developments, macroeconomic indicators, trade balance figures, geopolitics, and market sentiment towards emerging markets are considered potential influencers for the Shekel''s sudden drop. The immediate impact of this turn of events has been associated with market concern. Evidently, investors with significant exposure to the Shekel might experience substantial losses in their portfolio. Meanwhile, importers who made payments in Shekels could benefit from a lower payout in the current scenario. Looking forward, this event mirrors the unpredictability inherent to every market. The steady decline of the Israeli Shekel throughout the day raises an alarm and serves as a reminder to investors about the importance of diversification. However, it isn''t all doom and gloom. History reassures us that financial markets have a knack for self-correction and this could very well be a temporary dip. Additionally, this could present a suitable entry point for investors looking to take a position in the ILS, expecting a rebound. As the market adjusts to this unexpected trend, market insiders and participants will be closely watching the Shekel''s recovery and its impact on global financial dynamics in the coming days.Unexpected Drop in ILS Exchange Rate Creates Market Stir

Current Middle Market Exchange Rate

For information purposes only.