2024-05-03 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:

Trend

Overall Trend of Exchange Rates

Based on the data provided, there is a general upward trend in the ILS exchange rates within the time series data. The ILS exchange rate has increased from 0.36536 at the start of the dataset to 0.36671 at the end. The highest point reached was 0.36787 while the lowest point was 0.36491. Although there are fluctuations throughout the time period, the overall trend shows an increase in the exchange rate.

Seasonality & Recurring Patterns

In examining the time series data, there does not appear to be a clear seasonal or recurring pattern in the changes of exchange rate. Variations seem more random and less cyclic or predictable. It would require a more in-depth time series analysis to pinpoint any specific recurring patterns, taking into account factors such as annual, quarterly or monthly trends.

Outliers in the Exchange Rate

There are several instances where the exchange rate appears to differ significantly from the overall upward trend within the provided dataset. A few notable instances of sudden drops or increases in the ILS exchange rate could be seen as potential outliers. However, without context or further analysis, it is difficult to definitively classify them as outliers. These potential outliers would require further investigation, potentially considering external economic or financial factors.

In conclusion, while there is a general upward trend in the ILS exchange rate from the start to the end of the dataset, fluctuations can be seen throughout, and no clear seasonal or recurring patterns emerged in this analysis. Additionally, a few potential outlier instances in the exchange rate were identified but would require further investigation.

st Market Fluctuations The Israeli Shekel (ILS) has demonstrated remarkable consistency in the face of severe economic climate, with fluctuations recorded over several hours on the 2nd of May, 2024. Data reveals a trend of slight oscillations, signifying an uncertain market behavior surrounding the ILS. The ILS started with an exchange rate of 0.36536 on the onset and peaked at 0.36787 over the course of the day. Such fluctuations are typical in a market structure - specific trends can often be observed during such periods which could be indicative of economic forces at play. For investors and financial experts alike, such indications are invaluable, providing insights into potential future market conditions. This particular currency fluctuation follows a generated pattern that substantially impacts the financial market, indicating a constant battle between bearish and bullish investors trying to fulfill their respective economic interests. Such regular oscillations with a narrow range suggest a tug-of-war between the buying and selling forces on the market exchange. Multiple factors influence the state including geopolitical scenarios, government policies, and market sentiments. Analyzing these fluctuations and forecasting future trends involves understanding intricacies at both macro and micro levels. Market forecasts and economic indicators from renowned institutions also play an essential role in shaping these decisions, and subsequently, the currency exchange rates. The continuous wavering of the ILS around the 0.366 mark also signified a possibility of crucial breakout – either a significant rise or a sudden dip, depending upon the market''s reaction to several governing factors. As the ILS oscillates around this level, any departure could also signify the onset of a new trend. The ILS has shown the potential to sway to the favorable side given the right economic conditions. This high level of adaptability makes it one of the key currencies, reflecting the robustness of the Israeli economy. The Israeli Shekel may be used as a yardstick to gauge market sentiment, given its sensitivity to changes in economic conditions. While experts will meticulously follow the oscillations as they occur real-time to predict the short-term trends, long-term investors will focus on the bigger picture and likely trends over an extended period. Both must consider potential future political events and economic indicators to form accurate readings. As global viewers and stakeholders adapt to these shifts, they can expect further fluctuations in the currency market. The future holds an immense array of possibilities, ranging from minor oscillations to major price swings. Investors and traders should remain on their guard, prepared for the unpredictable nature of the currency exchange market.Israeli Shekel Oscillates Persistently Across 0.366 Amidst Market Fluctuations

Current Middle Market Exchange Rate

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