2024-05-21 New Israeli Sheqel News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


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.


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.

l Fluctuations In recent financial news, the Israeli Shekel (ILS) exchange rate has demonstrated remarkable stability. A comprehensive analysis of the time-series data from May 20, 2024, clearly indicates a minimal fluctuation in the exchange rates throughout the day. Data shows that the exchange rate began the day at 0.36716 and ended at 0.36950, with only a gradual 0.00234 increase throughout the day. The changes were so minimal that the difference between the highest and lowest rates was just 0.00238. This is indeed an unusual scenario for any currency, particularly for the Shekel, which has had its fair share of volatility due to geopolitical uncertainties and global market impacts. This occurrence, however, cannot be viewed in isolation. The stability of the Shekel within this time frame reflects an array of factors that work hand in hand. These factors can be related to the domestic economic situation, fluctuations in the international currency market, or the geopolitical standing of the country. On the domestic front, it appears Israel''s economy is performing well despite the global challenges. The maintenance of a steady exchange rate in such turbulent times is indicative of a robust economy with strong fiscal management. Internationally, the calm in the currency market might point towards a temporary respite in global economic uncertainties. However, one day''s data does not suggest a long-term trend. It is important to keep in mind the broader context and the inherent changes that abound in the global market. In terms of geopolitics, Israel, being a conflict-prone region, often sees its currency affected by surrounding uncertainties. This period of stability could well be the market''s short-term reaction to a prolonged period of relative calm in the region. The current stability in the Shekel exchange rate, while comforting to investors, does not imply unchanging future values. Events in the financial world are interconnected and the fallout from any domestic or international upheaval would inevitably affect this stability. Looking ahead, market participants and investors should keep an eye on the domestic economic indicators, including GDP growth, inflation, and interest rates. On the global front, any major policy shift by leading economies could trigger changes in currency markets. In conclusion, while this current stability in the ILS exchange rate indeed presents a comforting landscape, it represents a snapshot in time within a much larger, more complex picture. As always, market stakeholders should adhere to their risk management strategies, remaining alert to the ebb and flow of both domestic and global economic indicators.Unprecedented Stability: ILS Exchange Experiences Minimal Fluctuations

Current Middle Market Exchange Rate

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