ILS Exchange Rate Witnessing Continuous Decline Over 2 Weeks

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Understanding the Overall Trend

The overall trend of the exchange rates shows a general decrease over the period shown. The exchange rate decreased from 0.37548 to 0.36537. Throughout the given dataset, we can observe a sequence of decreasing values. This suggests that there's been a downward trend of the currency in this period.

Seasonality or Recurring Patterns in Exchange Rates

Upon examining the dataset, there does not appear to be a clear seasonality or recurring patterns. The fluctuations in the exchange rates don't seem to follow a distinctive cycle that can be linked to a specific time of the day or specific days of the month. However, please note that confirming a strong seasonal pattern would require more advanced time-series analysis, such as implementing a frequency-based transformation or seasonal decomposition.

Outliers in the Dataset

Identifying outliers in the dataset based on the available data is challenging, given the inherent volatility in exchange rates and the limited data provided. It would seem the exchange rates only differ in the third and fourth decimal place; this could mean that significant changes are minor. However, one could argue that the increase in exchange rate on April 8th, 2024 was an outlier. The exchange rate jumped from 0.36114 to 0.3648. But, again, it should be noted that these variations may still be within an acceptable range for currency fluctuations.

For a more precise outlier detection, advanced statistical techniques could be applied, such as forecasting based on a fitted model and defining outliers as deviations from the forecasted values, or applying statistical tests such as Grubbs' test. However, these methods require certain assumptions and preprocessing steps and are out of the scope of current analysis.


In conclusion, the ILS exchange rate shows a general decreasing trend over the observed period. Identifying clear seasonal trends and outliers require a more in-depth time series analysis approach. The downward trend might suggest that the currency was weak during this time frame. However, further analysis is required to provide any solid conclusion or financial advice.

The Israeli Shekel (ILS), over the past two weeks, has been seen undergoing an unfavorable persistent descent against the major world currencies. This article intends to convey a comprehensive analysis of the financial data provided for the period from March 22 to April 19, 2024. The data, which is in the form of time-series data, indicates changes in exchange rates (ILS) at different timestamps throughout the said period. While the initial point on March 22, 2024, at 2 am shows a record of 0.37548, the data on April 19, 2024, at 12 pm marks a notable drop to 0.36537. An analysis of the data shows a considerable variability in the ILS exchange rate over this period but with an overall downward trend. Starting from the mid-high level of 0.37548 on March 22, the shekel continuously stumbled to reach a worrying low by mid-April. The significant drop in the shekel''s value is highly unusual and provokes a myriad of questions regarding what lies ahead for the Israeli economy. Examining the root causes of this situation, several factors could be at play. From geopolitical instability to trade deficits and changing global market trends, all these factors could contribute to such a decline. In particular, the influence of notable economic events during this period, such as policy changes, fluctuations in global markets, or shifts in the country''s economic indicators can be critical. Nevertheless, what matters is what this trend manifests for the market stakeholders. For global investors who have stakes in Israel or are invested in shekel-denominated assets, this downward trend implies a period of losses. On the flip side, for those looking to invest, this could be an opportune moment to acquire assets at a cheaper rate, given they are willing to absorb the risk until the shekel rebounds. For the local economy, this devaluation can have both positive and negative repercussions. While it can boost exports by making Israeli goods cheaper on the international market, it can also lead to inflation, making imports pricier. With this in mind, looking ahead, all eyes are on how the Israeli government and central bank would respond to halt this downward spiral. Rate adjustments, economic stimulus, and strategic interventions are all tools within their arsenal that could potentially restore the shekel''s strength. This ongoing situation calls for careful observation of the market trends and strategic decision-making by investors. Stakeholders and regulators alike would do well to monitor this situation closely, as their next steps would undoubtedly be critical in shaping the future of the Israeli currency and the nation''s economy in these challenging times.ILS Exchange Rate Witnessing Continuous Decline Over 2 Weeks

Current Middle Market Exchange Rate

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