Romania’s RON hits new 5-month high against EUR at 4.6228

Romania’s currency, RON, rose against the European single currency EUR to 4.6228 RON/EUR, the lowest since mid-December 2017. Romanian currency is on an appreciation trend since the National Bank has risen the monetary policy interest rate to 2.5 percent, highest since February 2015.

Romania’s money market rate (ROBOR), main indicator for interest rate for RON denominated loans, stays at 2.74 percent, just shy of the 3.5 years record of 2.75 percent.

While the interest rate may still rise following the inflation rate, at 5.3 percent at the moment, the RON value it may go higher against EUR.

The US dollar has strengthen against the RON, from 3.9308 RON/USD to 3.9370 RON/USD. The swiss franc went down against the RON, from 3.9375 RON/CHF to 3.9298 RON/USD.

The price of gold went up, one gram of gold being priced at 162,6582 RON from 162,5961 RON the previous quotation.

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On the international market the EUR is lowering against the dollar, to 1.1746 USD/EUR, same as British pound, which went to 1.3409 USD.