Prima pagină » English » Romanian Leu Plunges Vs Euro In End-Trade, Touches 3.92 Units

Romanian Leu Plunges Vs Euro In End-Trade, Touches 3.92 Units

The Romanian leu slipped against the euro in end-trade on Friday, touching 3.92 units, on hard currency buying orders from local and foreign investors, and amid low traded values, dealers said.
Romanian Leu Plunges Vs Euro In End-Trade, Touches 3.92 Units
03 oct. 2008, 18:46, English

At around 1320, the leu traded at RON3.9165/RON3.9195 against the euro.
 
"The traded volumes are very low, each selling or buying order significantly changing the exchange rates. The currencies on the emerging markets account for moderate losses, as the emerging markets have higher traded volumes," a dealer said.
 
The leu subsequently weakened and at GMT1330, the leu traded at RON3.9000/RON3.9050 against the euro.
 
On Thursday, the leu closed at RON3.7430/RON3.7460 to the euro.
 
The leu opened at RON3.83 against the euro, similar with Thursday’s closing value, and touched and early low at RON3.885 to the euro.
 
The Romanian currency lost around 5% compared with the indicative of RON3.6828 versus the euro at the end of last week.
 
The central bank computed an indicative daily average rate of the leu at RON3.8720 against the euro, touching a three-years-and-a-half record low, and RON2.7912 against the US dollar, touching a 2-year low.