Romania Leu Exch Rate Hits 13-Mo High At 4.0869 Vs Euro

04.18.2011 By Florentina Dragu

Romania’s leu edged higher against the euro in mid trade Monday, pushed up by foreign currency sales, and the central bank’s reference strengthened to 4.0869 units, the highest rate since March 2010.

Romania's leu edged higher against the euro in mid trade Monday, pushed up by foreign currency sales, and the central bank's reference strengthened to 4.0869 units, the highest rate since March 2010.

However, the leu the leu lost nearly 0.7% on the day against the US dollar, to 2.8522 units.

The leu opened slightly up at 4.09 per euro, from 4.094/4.0955 per euro at Friday's closing and further gained ground, hitting an early high at 4.085 per euro.

At around GMT1000, the leu traded at 4.086/4.087 to the euro.

On the money market, overnight rates fell to 2.2%-2.7% a year, from 2.25%-2.75% a year in the previous session.

Keywords:
LEU
, EXCHANGE RATE
,

Please fill all required fields!

Your comment was successfully added!

Comments will appear only after the moderation.