The official value of the shekel declined an average of .353 percent on Monday against most of the currencies on the Bank of Israel's foreign-exchange list.
The United States dollar was fixed at NIS 3.4, down .439 percent from Friday, while the Euro rose 1.308 percent to 4.1737 shekels, and the pound sterling was set at 4.6909 shekels, up 1.385 shekels. Other European currencies rising more than a percent were Denmark, Norway and Switzerland, with Sweden not far behind against prospects of tighter monetary policy by the European Central Bank. The Canadian and Australian dollars rose half a percent and .606 percent respectively.