2024-05-13 New Israeli Sheqel News
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2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
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.
Conclusion
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.
![Steady Appreciation and Sudden Decline Mark ILS Exchange Rate in April-May 2024](http://currencymart.net/images/news/new-israeli-sheqel/2024-05-13/img-oJcYVALOO7Rg8hZY3i7E3PYq.webp)