19 Noiembrie 2009
Midday Forex: Leu rallies to six-week high
The official exchange rate set by the National Bank of Romania fell to the six-week low, as the local currency traded below the 4.28/euro barrier, after sharp rise in the morning, in contrast with its emerging peers.
The official exchange rate posted on Wednesday by the National Bank of Romania stood at 4.2811 lei/euro, the lowest since October 9. Tuesday’s official rate stood at 4.2928lei/euro.
The local currency advanced markedly versus euro in the morning, from 4.2990/euro to 4.2750/euro, after which it traded within a narrow range. At 15:00 banks were buying a euro with 4.2759 lei and selling it for 4.2849lei.
In the region the Polish zloty fell from 4.0840 to 4.1030/euro, followed by a mild increase to 4.0940 while forint dropped to 256.6/euro in mid-session after growing from 265.75 to 264.7/euro.
Against the US dollar, NBR posted an official exchange rate fell around 0.56% to 2.8650lei/dollar from Tuesday’s 2.8811lei/dollar.
The local currency advanced markedly versus euro in the morning, from 4.2990/euro to 4.2750/euro, after which it traded within a narrow range. At 15:00 banks were buying a euro with 4.2759 lei and selling it for 4.2849lei.
In the region the Polish zloty fell from 4.0840 to 4.1030/euro, followed by a mild increase to 4.0940 while forint dropped to 256.6/euro in mid-session after growing from 265.75 to 264.7/euro.
Against the US dollar, NBR posted an official exchange rate fell around 0.56% to 2.8650lei/dollar from Tuesday’s 2.8811lei/dollar.