Leu Down Vs Euro, Exchange Rate At 4.1233

05.24.2011 By Florentina Dragu

Romania’s leu lost early gains versus the euro in mid trade Tuesday, but the central bank’s reference strengthened modestly to 4.1233 units, from 4.1263 units a day earlier.

Against the US dollar, the leu's indicative won 0.8% on the day at 2.9224 units.

The leu opened flat at 4.12/4.121 per euro and appreciated slightly in early trade, to a early high of 4.118 per euro.

It later turned to losses and at around 13:00 local time traded at 4.123/4.125 to the euro.

On the money market, overnight rates rose to 4%-4.5% a year, from 2%-2.5% a year Monday.

Keywords:
LEU
, EXCHANGE RATE
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