Romania Leu’s Exch Rate Hits New 10-Mo High At 4.1843 Vs Euro

Romania’s leu traded in ranges against the euro in mid session Monday and the central bank’s reference firmed nearly 0.5% on the day to a fresh 10-month high at 4.1843 units.

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Friday, the leu's indicative was 4.2048 versus the euro.

The leu also strengthened against the US dollar, advancing around 2% to 2.9947 units. A stronger rate, of 2.9817 units versus the greenback was recorded on March 18, 2010.

Romania's currency opened slightly higher at 4.184/4.185 per euro, from 4.185/4.187 per euro at Friday's closing. It further gained ground, hitting an early high at 4.182 units.

The leu later stabilized near 4.1835/4.1845 to the euro.

On the money market Monday, overnight rates fell to 3.9%-4.4% a year, from 4.3%-4.8% a year in the previous session.

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