2024-05-09 New Israeli Sheqel News
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2024-05-08
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 Analysis
Based on the provided dataset, the overall trend of the ILS exchange rate seems to be fluctuating within a relatively small range. The exchange rate started from about 0.37182 and ended around 0.36972. This indicates a small depreciation in the value of the ILS over the time period shown. However, the fluctuation throughout the day had consistent peaks and valleys, indicating some degree of volatility within the day's trading.
Seasonality or Recurring Patterns
The dataset appears to have some level of intraday seasonality, as the highs and lows of the exchange rate frequently occur at similar times within each day. While it is difficult to pinpoint an exact pattern without further statistical analysis, the data suggests that the market may follow the common 'U' shape intraday pattern where liquidity and volatility tend to peak at the market opening and closing.
Outlier Identification
- At around 01:15, there's a noticeable dip in the ILS exchange rate to around 0.37169 from a relatively stable rate before that point.
- Conversely, at around 02:20 there's a increase in the ILS exchange rate to around 0.37187 where the rate was decreasing before.
These points could represent moments of stronger volatility or stronger trading activity.
Conclusion
In summary, while the overall direction of the ILS exchange rate depicted a slight depreciation, the consistent intraday volatility suggests some degree of day trading impact. A couple of outliers were observed but their cause due to the constraint of this analysis cannot be attributed to specific external events.
![ILS Exchange Rate Exhibits Fluctuations Amidst Market Dynamics](http://currencymart.net/images/news/new-israeli-sheqel/2024-05-09/img-spSBil7B87ztx5zIm49WfYCd.webp)