2024-05-13 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:


Overall Trend in Exchange Rates

The overall trend of the dataset shows minor fluctuations in the ILS exchange rate. From initial observations, it is noticed that there is an inclining trend till 2024-04-30 after which the exchange rate drops a little and again continues to fluctuate but with an overall inclining trend.

Seasonality or Recurring Patterns

A definite seasonality or recurring pattern isn't readily apparent in the dataset. This could be due to the fact that exchange rates are influenced by a multitude of factors and aren't strictly cyclical. Despite this, there seems to occur minor oscillations in the exchange rate values at different points in time in the dataset. However, further statistical analysis, like a Fourier Analysis or Autocorrelation function needs to be conducted to confirm any presence of seasonality.

Significant Outliers

Regarding outliers or dramatic jumps, there are no glaring data points which have a value drastically different from around it. The dataset seems to follow a quite steady trend with minor fluctuations in between. At the same time, remember that in financial analysis, even minor pattern deviations can be significant. So, each peak and valley could matter to a trader or financial analyst and should thus be considered accordingly.


This initial analysis gives an overview of trends and patterns in ILS exchange rates over the period reflected in the dataset. This dataset represents typical exchange rate time series data, with some notable fluctuations and no clear seasonal patterns. Keep in mind that a deeper, more in-depth analysis may reveal patterns not readily apparent in this initial overview. Financial data often requires specialized time series analysis techniques to properly understand and interpret the patterns and trends.

Rate in April-May 2024 In the ever-fluctuating world of currency exchange, the Israeli Shekel (ILS) demonstrated noteworthy patterns throughout the period spanning from April to May 2024. Tracked meticulously in a timescale dataset, the currency showed a distinctive episode of consistent appreciation followed by a sudden descent that is set to captivate market watchers. Starting in mid-April, the ILS embarked on a steady climb, shooting up from a moderate 0.36514 to a more impressive 0.37128 by early May. Over this period, the ILS exhibited a pattern marked by repeated bouts of appreciation, thereby marking a notable upward trend for investors keeping a close eye on this Mediterranean country''s currency. The fluctuations in the ILS are a microcosm of the growing economy of Israel, with its booming technology sector that plays a vital role on the global stage. The uptick in the ILS value during this period could be attributed to factors such as foreign investments in the technology sector, positive geopolitical developments, or even shifts in the country''s monetary policy. However, the path of the ILS took a different turn by the second week of May. Following its peak at 0.37128, the ILS took a nosedive, reaching a low of 0.36718 within a week. This sudden dip serves as a stark reminder of the volatility inherent in financial markets, even amidst stable growth periods. The sharp descent of the ILS might be attributed to market reaction to geopolitical tensions or fluctuations in global commodity prices, or even due to changes in national economic indicators. Further exploration into the domestic and international events during this period would provide a more comprehensive insight into the swift downfall. The changes in the ILS''s value have direct implications for both domestic and international markets. For domestic businesses, the stronger Shekel meant increased purchasing power, allowing them to buy more foreign goods and services. However, the sudden depreciation could hamper this ability, influencing inflation and other macroeconomic factors. For international investors and businesses, the fluctuations impact their return on investment and cost of operations. Looking ahead, market participants should watch for potential policy responses from Israel''s central bank to this volatility. Investors might also want to observe the global geopolitical landscape and further evolution of the technology sector and startup scene in Israel, which continue to be significant determinants of the Shekel''s international standing. In conclusion, while the ILS appreciation in April and its sudden depreciation in May presents a captivating narrative of growth and volatility, it''s imperative to remember that exchange rates are only a small, albeit crucial, part of a country''s economic story. A closer look at the broader picture and an understanding of additional, often underlying, factors is key to making informed decisions in these ever-changing financial markets.Steady Appreciation and Sudden Decline Mark ILS Exchange Rate in April-May 2024

Current Middle Market Exchange Rate

For information purposes only.