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Romanian Leu Exch Rate Touches 5-Yr Low Vs Euro, At RON4.1385

The Romanian leu strongly depreciated Thursday against the euro, and the central bank computed an indicative of RON4.1385 to the euro, the leu's weakest value in five years.
Romanian Leu Exch Rate Touches 5-Yr Low Vs Euro, At RON4.1385
08 ian. 2009, 13:36, English

A lower indicative was computed by the central bank on January 6, 2004, at RON4.1438 to the euro.

On the forex market, the leu opened at RON4.1350/RON4.1400 against the euro, weaker compared with Tuesday’s closing value of RON4.1210/RON4.1260 to the euro.

The leu level reached a high of RON4.1150/RON4.1180, but then lost ground and traded at around RON4.12 to the euro.

On the money market, overnight interest rates were at 12.66%-13.59% on the year, while weekly rates were at 13.31%-14.38%.