2024-04-17 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:


1. Understanding the overall trend of the exchange rates

Looking at the data provided from 2024-04-16 00:00:02 to 2024-04-16 23:55:03, it is observed that the ILS exchange rate fluctuated between 0.36560 - 0.36929. However, the general trend displays a slight decline. The rate opened at around 0.36746 and closed at 0.36789, but it reached a peak at 0.36929, and fell to its lowest at 0.36560 during this period. Although there has been fluctuation throughout the day, the decrease is not steep and can be considered gradual.

2. Identifying any seasonality or recurring patterns

Given the data is only for a 24-hour period, it is challenging to identify a clear seasonality or recurring patterns. However, a potential diurnal pattern can be observed. The highest recorded exchange rate was achieved in the early hours of the timestamp, while the lowest rate was in the latter part of the period, suggesting a possible trend of higher rates during the day reversing to lower rates at night. More data may be needed for a comprehensive seasonal analysis.

3. Noting any outliers

From the provided data, it appears there were no significant outliers where the exchange rate differed drastically from the overall trend. There are minor fluctuations in the data, but all values lie within a close range between 0.36560 - 0.36929. No anomalies or unexpected surges or drops could be detected from the provided range of data.

n recent financial news, it has been noted that there has been a continual and steady fluctuation in the exchange rate of the Israeli Shekel (ILS) over a definitive period. This pattern was specifically observed on April 16 of 2024, providing investors and stakeholders with crucial insights on currency market dynamics. Starting from midnight, the ILS exchange rate began at 0.36746 and gradually climbed up, peaking at 0.36929 around 00:50 AM. It inevitably dipped and rose slightly throughout the wee hours of the morning, reaching its lowest at 0.36568 at 05:25 AM, illustrating the natural ebb and flow of the currency market where changes are predominantly driven by economic events, geopolitical developments, and market sentiment. Following the early morning lull, there was a noticeable rally in the ILS value, reaching its daily high at 0.36789 at 07:35 AM. However, despite this shot up, it was seen to be relatively short-lived as the rate dropped to 0.36666 by 04:30 AM. This represents the volatility and uncertainty inherent in the forex market, proving that investors must be vigilant and ready to adapt to any shift in the exchange rate. The ILS experienced mild peaks and troughs throughout the day, hinting at the potential influence of day traders on its stability. Interestingly, by 10:00 PM, the ILS exchange rate had risen again to 0.36792, appearing to full circle by returning to a rate similar to where it began at the start of the day. Analyzing this day in the life of the Shekel’s exchange rates, it''s clear that while the fluctuations may seem minute to the casual observer, these changes could translate into significant gains or losses for forex traders and multinational corporations with stakes in the Israeli economy. Furthermore, it provides an insightful measure of the health and trajectory of the Israeli economy. The steady fluctuation of ILS exchange rate throughout this particular day serves as a representation of the health and competitiveness of the Israeli Shekel. This could also be an indicator of the robustness of Israel’s economic policies and global financial confidence in its economy. Looking towards the future, experts advise that potential investors and stakeholders keep a close eye on the ILS exchange rate and other factors that might affect it. These include Israel''s continued economic stability, its policies regarding taxation and international trade, and its relationships with trading partners. Any shifts in these areas could translate into corresponding shifts in the ILS exchange rate. As in any financial venture, observing and understanding these market trends is critical for prudent investment and financial planning.Steady Fluctuation Evident in ILS Exchange Rates

Current Middle Market Exchange Rate

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