The terror attacks throughout Israel over Saturday and Sunday took a heavy toll in lives, and badly weakened the shekel as Israel's currency trade commences for the week.

The dollar rose to NIS 4.245 against the shekel, 0.28% up from its representative exchange rate on Friday, which was NIS 4.2330.

Interestingly, though, the dollar's rate at present is lower than the levels derivable from shekel-dollar options trade on Sunday, which put the theoretical rate of the dollar at NIS 4.25.

Ilanot Discount dealers estimate that the dollar will trade between NIS 4.23 to NIS 4.27 this week, as the shekel continues to be undermined by the terror attacks and spats between the Bank of Israel and treasury regarding economic policy.