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Romanian Leu Indicative Rate Hits 7-Week High At RON4.2484 Vs Euro

The National Bank of Romania computed Friday an indicative of RON4.2484 to the euro, the leu's strongest level in seven weeks, following the currency's appreciation on the inter-bank market.
Romanian Leu Indicative Rate Hits 7-Week High At RON4.2484 Vs Euro
27 mart. 2009, 13:33, English

The reference rate is 0.56% stronger compared with Thursday’s RON4.2723 to the euro.

A stronger indicative was computed by the central bank on February 9, 2009, at RON4.2450 to the euro.

On the forex market, the leu opened at RON4.2430/RON4.2450 to the euro, slightly higher compared with Thursday’s closing value at RON4.2585/RON4.2610 against the euro.

The Romanian leu appreciated Thursday evening and the exchange rate touched RON4.23 against the euro around GMT1540, on the positive sentiment triggered by the loan agreement with the International Monetary Fund.

On the monetary market Friday, overnight rates were at 10.06% – 10.62% a year.