Euro posts slight gain to RON 4.51 in first transactions after Sunday elections in Romania

Newsroom 12/12/2016 | 16:31

The National Bank of Romania (BNR) announced on Monday an exchange rate of RON/EUR 4.5067, a growth of 0.2 percent compared with the level of the previous meeting, in the first day of trading after the general elections in Romania, in which left wing party PSD claimed victory.

On Friday, the BNR had an exchange rate of RON/EUR 4.4985, a minimum level since October 28.

The Euro exchange rate grew at the beginning of the local tranding session compared with the local currency, then it maintained at slightly over RON 4.5050, taking into account the PSD winning was anticipated by the market, analysts say, according to local media reports.

The American dollar, indirectly quoted on the Romanian market through the EUR/USD parity, has come back to an appreciation tendency, increasing from RON 4.2530 to RON 4.2391.

USD is the reference currency at international level for raw materials, including for oil, and the imports from Asia depend also in the American currency.