2024-04-29 New Israeli Sheqel News

Summary of Last Week

  • 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

From the initial examination of the ILS exchange rate provided, it appears that the overall trend from 2024-03-29 to 2024-04-26 shows fluctuation with a tendency to decrease. An initial value of ILS exchange rate on 2024-03-29 is approximately 0.36993 and a final value on 2024-04-26 is near about 0.35678 which indicates an overall decrease in the ILS exchange rate over this particular timeframe. However, this decline is not linear, as numerous peaks and troughs are visible, demonstrating regular fluctuations in the rate.

2. Identification of Seasonality or Recurring Patterns

In terms of recurring patterns or seasonality, the time frame of approximately one month provided does not allow for a definitive identification of such trends based solely on the data provided. A longer dataset would be required to detect any annual or semi-annual seasonality. Nonetheless, certain short-term fluctuations could still suggest some degree or regularity, although their underlying causes could not be determined only from the data provided.

3. Identification of Outliers

The dataset does not appear to have any extreme values or outliers at first glance, with all exchange rates falling in a narrow range. However, without additional information on expected rates or a more detailed analysis, it would not be possible to conclusively identify any outliers. It's also possible that what appear to be regular fluctuations in a simple visual analysis could turn out to be outliers in a more in-depth examination.


This analysis is purely based on the dataset provided and does not take into consideration any external market factors such as market opening/closing hours, weekends/holiday impact, or the influence of financial news or events, all of which could significantly impact exchange rates.

The Israeli Shekel (ILS) has been seeing significant fluctuations during the past couple of weeks, subjecting market participants to a roller coaster of ups and downs. These movements have raised questions about the volatility of the ILS exchange rate and what it could mean for traders and investors alike. Between late March and late April, the ILS exchange rate has shown varying levels of instability. Starting at a rate of 0.36993 on March 29, 2024, we have seen the ratio hit a low of 0.35678 on April 26, 2024. These figures indicate a net decrease of approximately -3.56% during the period. Exchange rates play a vital role in a country''s level of trade, critical to most free market economies. They are arguably the most closely watched, analyzed, and governmentally manipulated economic measures. Throughout this period, the ILS has certainly provided plenty of fodder for analysis. This ongoing ILS volatility is having different impacts on different sectors. Importers prefer a strong ILS, which allows them to buy foreign goods cost-effectively. On the other hand, Israeli exporters prefer a weak ILS to make their goods more competitive on the global market. The reasons behind this recent fluctuation are multi-faceted. The economic factors at play include inflation rates, interest rates, and geopolitical instability in the region. Besides, the global pandemic has caused shockwaves in financial markets worldwide, which has not spared the ILS. Moreover, the fiscal measures taken by the Israeli central bank in response to the COVID-19 crisis have a profound impact on the ILS exchange rates. For instance, lowering the interest rates and injection of liquidity into the market have affected the currency''s strength. Looking forward, the road appears to be unsteady for the Israeli Shekel. Given the dependency of the exchange rate on various national and international economic indicators, it is challenging to predict with certainty the future trajectory that the ILS will take. However, market participants and observers alike are urged to closely monitor Israel''s central bank''s actions, inflation and interest rates, and geopolitical developments in the region. Furthermore, the pace of economic recovery post-COVID-19 will also play an essential role in determining the future of the ILS exchange rate. All in all, the path ahead for the Israeli Shekel seems filled with opportunities, risks, and challenges. As always, navigators of this precarious landscape will need to stay informed, remain flexible, and brace themselves for a journey likely full of surprises.ILS Exchange Rate Undergoes Noticeable Oscillations

Current Middle Market Exchange Rate

For information purposes only.