The leu remained strong in the interbank market today against euro, in line with its peers in the region on low monetary interest rates, while the reference rate fell to a one-year low – 4.1008 lei/euro.
The leu rose to its highest level since January 7, 2009, when the National Bank of Romania set a reference rate of 4.0720 lei/euro. The reference rate set by the central bank is 0.39% below Friday’s level of 4.1167 l ei/euro.
The national currency rose in the morning versus euro from 4.1120 to 4.0950 but fell at noon to 4.10 lei/euro. At 13:35, banks were buying a euro for 4.1005 lei and selling it for 4.1095 lei.
“The market is very quiet, without any major transactions and the exchange rates are following the regional course”, a dealer told NewsIn.
In the region, the Hungarian forint fell in the early trades from 267.2 to 268 units/euro, but recouped afterwards to 267.7. The Polish zloty rose from 4.0360 to 4.0190 units/euro only to drop slightly at noon to 4.0250 units/euro.
For the US dollar, the reference rate set by the National Bank of Romania is 2.8513 lei/US dollar, down 0.34% from Friday’s rate of 2.8609 lei/dollar.
Article comments "Midday Forex: Leu hits fresh 1-year high"
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