2024-04-18 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:


Analysis of the Exchange Rate Trends

Upon analyzing the given exchange rates data, a few key observations are made:

  1. The overall trend in the exchange rates seems to show a slight decrease over the given period. The ILS rate started at 0.36787 and decreased to 0.36305 by the end of the dataset. This indicates that the currency was weakening in relation to the other during this time.
  2. Looking into the data on a finer scale, there are fluctuations in the exchange rate throughout each day. These fluctuations resemble a wave-like pattern, hinting at a day-night cycle that could be influenced by trading hours and other economic activities. However, since we are not considering external factors such as market operation times and the release of financial news, it's not possible to explain these fluctuations based exactly.
  3. While many of the exchange rate values fit within the general declining trend, there are a few outliers. For instance, there are times when the value suddenly increases before returning to the decreasing trend. These outlier points potentially represent short-lived events or changes in market conditions that affected the exchange rate.

Seasonality in Exchange Rates

On a more macro level, discerning seasonality or recurring trends from the dataset could be challenging as the provided data only covers a one-day period (April 17, 2024). Evaluating seasonality often requires longitudinal data across different seasons of a year. It would be more informative to compare data spanning multiple weeks, months, or even years to better understand the seasonal patterns.

Outliers in Exchange Rates

The dataset presents several instances where the exchange rate significantly deviates from the trend. These points are termed 'outliers'. It's important to note that outliers might be due to sudden market events or anomalies in the dataset itself. Again, without considering specific external events or additional data, pinpointing the exact cause for these outliers is difficult.

In conclusion, this analysis has provided a brief overview of the exchange rate over the specified period. The exchange rate seems to generally decrease, with some fluctuations throughout the day. However, without further data and context, it is impossible to make definitive claims related to seasonality or explain the anomalies.

d-April Review In the middle of April 2024, the Israeli Shekel (ILS) exchange rate experienced a period of both steadiness and fluctuation, according to a recently reviewed data set. The data, which records exchange rate changes between midnight of April 17 and midnight of April 18, provides valuable insight into the ILS''s performance during this 24-hour period. At the start of the review period, the ILS began at 0.36787, experiencing some slight dips and peaks but maintaining relative stability throughout the early hours of April 17. It rose to a daily high of 0.36807 only to fall to a daily low of 0.3655later in the day. Despite such fluctuations, the ILS managed to recover its ground and stabilize its rate, closing the day at 0.36305. The fluctuation represents the volatility often present in currency markets, shaped by factors such as global economic indicators, geopolitical events, and domestic economic pressures. In this case, factors impacting the ILS’s performance could range from regional political instability, changes in fiscal or monetary policy, to fluctuations in global market trends. It''s equally crucial to consider that exchange rates can be influenced by the market''s anticipation of these events, which could also be a determinant in the morning peak and the subsequent drop. However, within the day''s volatility, the ILS displayed a notable resilience. The currency''s ability to recover from its fluctuating lows shows a level of stability that can be appealing to investors seeking to diversify into more resilient currency markets. The significance of this resilience lies in its testament to the robustness of Israel''s economic fundamentals, which could renew investor confidence. This strength, coupled with appropriate fiscal management, could attract foreign direct investment, stimulate economic growth, and potentially lead to a stronger ILS in the future. Looking ahead, market participants and investors should closely monitor Israel''s economic indicators and regional geopolitical developments, as they could influence the ILS exchange rate. As the global economy continues grappling with economic uncertainty, the ILS''s resilience amidst such volatility will be a key focus for market watchers. This April review is a mere snapshot in time of the ILS’s performance, and while it may indicate certain trends, it''s important to remember that currency markets are fluid, with rates consistently shifting in response to numerous factors. Therefore, staying informed about both domestic and global financial landscapes will be crucial for those interested in understanding future ILS exchange rate movements.ILS Exhibits Steady Performance Against Volatility In Mid-April Review

Current Middle Market Exchange Rate

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