Romania Leu’s Exch Rate Hits New 13-Mo High At 4.0858 Vs Euro

Romania’s leu returned to gains versus the euro in mid trade Wednesday, and the central bank’s reference strengthened to a fresh 13-month high at 4.0858 units, from 4.091 units a day earlier.

9 views

Against the US dollar, the leu's indicative won 1.64% on the day at 2.8186 units, the strongest rate since December 2009.

The leu opened down at 4.182/4.185 per euro, from 4.0865/4.088 per euro at Tuesday's closing. It later changed trend and at around GMT1000 the leu traded at 4.085/4.086 to the euro.

On the money market, overnight rates rose modestly to 2.4%-2.9% a year, from 2.2%-2.7% a year Tuesday.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.