RON/EUR exchange rate expected to reach 4.84 in the next 12 months

Paul Barbu 28/05/2019 | 14:38

The majority of members of CFA Romania anticipate a depreciation of the RON/EUR exchange rate, with the average expectation for the upcoming six-month period being 4.7859, while for 12 months the average estimated value of the exchange rate is 4.8481.

“Regarding the EUR/RON exchange rate, more than 86 percent of participants anticipate a depreciation of the RON in the next 12 months (compared to the current value). The average of expectations for the 6-month period is 4.7859, while for the 12-month period the average rate of the forecasted exchange rate is 4.8481. The 12-month inflation rate (May 2020 / May 2019) averaged 4.15 percent,” according to CFA Romania.

On the other hand, the macroeconomic Confidence Indicator of CFA Romania rose by 11.6 points in April 2019 compared to the previous month, to 46.6 points, and compared to April 2018 it decreased by 2.9 points, according to the CFA Association in Romania, due to both components of the Indicator.

The indicator of current conditions increased by 12.8 points compared to the previous month to 59.9 points. Compared to the same month of the previous year, the Current Conditions Indicator declined by 6.1 points. The forecaster rose by 11.1 points to 39.9 points (compared to the same month of the previous year, the Outlook indicator fell by 1.2 points).