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Romanian Leu Hits All-Time Low In Early Trade

The Romanian currency further depreciated against the euro and hit a historical low at RON4.2620 /RON4.2650 versus the euro in early trade Monday.
Romanian Leu Hits All-Time Low In Early Trade
12 ian. 2009, 11:07, English

The leu opened at RON4.2470/RON4.2520 against the euro, down from RON4.2230/RON4.2300 to the euro at the end of Friday’s trading session.

Then, the leu continued to depreciate against the euro at touched a historical low at RON4.2620 /RON4.2650 versus the euro, exceeding Friday’s close value by almost RON0.4.

Then, at GMT 0800, the leu was trading at RON4.2450/RON4.2500 against the euro.

“The leu was the only currency in the region registering significant variations against the euro due to the euro demand, but the traded volumes are low. I don’t think the leu will exceed 4.3 units today,” a dealer stated.

The central bank computed Friday an indicative of RON4.2127 to the euro, the leu’s all-time low since euro introduction.

On the monetary market, interest rates were at 12%-13% a year on Monday morning.