The official value of the shekel declined an average of .35 percent on Monday against most of the featured currencies on the Bank of Israel's foreign-exchange list.
The United States dollar was fixed at NIS 3.409, up .62 percent since Friday, while the Euro advanced .223 percent to 4.2265 shekels and the pound sterling was set at 4.7956 shekels, down .644 percent. The Australian dollar rose .781 percent to NIS 2.7609 against the backdrop of the Reserve Bank of Australia keeping the cost of borrowing money low to the tune of a three-year low against its US counterpart, while the Canadian dollar was fixed at 2.7628 shekels, up .436 percent. The Japanese yen jumped 1.066 following news that inflation is close to the central bank's two-percent target.