2024-05-21 New Israeli Sheqel News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
Upon inspection of the dataset, there is a minimal upward trend in the ILS exchange rate from the beginning to end of the data. The ILS exchange rate began at about 0.36716 at the first timestamp (2024-05-20 00:00:02) and ended at approximately 0.3695 at the last timestamp (2024-05-20 23:55:02). This reflects a gradual increase in the value of ILS over the day.
Seasonality or Recurring Patterns
To comprehensively study any seasonality or recurring patterns, it is necessary to analyze data collected over a longer time (preferably over a year) that includes all different seasons. With only one day's data, it's challenging to determine such patterns. Even though some minor fluctuations can be seen, they might not indicate significant recurring patterns.
Outliers in the Exchange Rates
Through the preliminary analysis, no notable outliers were detected, meaning that there weren’t any instances where the exchange rate deviates significantly from the general trend. These results can, however, be verified using statistical outlier detection methods for more precise results.
Additional Factors Affecting the Exchange Rates
The given task explicitly excluded the consideration of external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. However, it's important to point out that these factors often significantly influence the currency exchange rates.
For a comprehensive analysis including these factors, a longer timespan of data is required, and additional information like financial news indicators would be beneficial.
Conclusion
In conclusion, the exchange rate of ILS showed a slight increasing trend over the course of the day on May 20th, 2024. The current data does not provide enough evidence of seasonality or recurring patterns, and no significant outliers were observed. While this preliminary analysis provides some insights, it's crucial to remember that currency exchange rates are influenced by numerous factors and typically require thorough and comprehensive analysis over larger spans of data.
![Unprecedented Stability: ILS Exchange Experiences Minimal Fluctuations](http://currencymart.net/images/news/new-israeli-sheqel/2024-05-21/img-xMiafAF7c0YM3G3u0cyE08pr.webp)