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Romanian Leu Exch Rate At RON4.2634 Vs Euro, On Alleged Ctrl Bk Intervention

The Romanian leu appreciated against the euro on Monday, and dealers suspect an intervention of the central bank, which computed an indicative of RON4.2634 to the euro, 0.6% stronger than Friday’s indicative rate.
Romanian Leu Exch Rate At RON4.2634 Vs Euro, On Alleged Ctrl Bk Intervention
26 ian. 2009, 13:29, English

On the forex market, the leu opened up early Monday, at RON4.2800/RON4.2850 to the euro, compared with Friday’s closing value at RON4.2900/RON4.2930 against the euro.

An intervention of the central bank on the market is suspected, as the leu appreciated more than the regional currencies, ING Bank economist Vlad Muscalu said.

On Friday, the central bank computed an exchange rate of RON4.2910 to the euro, following three consecutive days in which the leu touched all-time lows versus the European currency.