Romanian Leu Exch Rate Hits 10 1/2 Months High At 4.1439 Vs Euro

It is the strongest reference rate since May 4, 2010, when the leu was quoted at 4.1352 to the euro.

Against the US dollar, the leu’s indicative won 1.1% on the day at 2.9093 units, the strongest rate since January 25, 2010.

The leu opened higher at 4.159/4.16 per euro, from 4.16/4.161 at Monday’s closing.

It continued to gain ground in the first part of Tuesday’s session, in line with the regional trend, on a positive sentiment on the international markets. The leu traded at 4.14/4.143 to the euro at around GMT1100.

On the money market, overnight rates were barely changed at 2.3%-2.8% a year.