Romanian currency drops to year low

The Romanian currency (RON) has increased by 6 bani against the euro in the past seven days after reaching a year-low at the beginning of last week, when the Romanian Central Bank (BNR) posted an exchange rate of RON 4.08 rate/EUR.

BNR representatives had previously said they could not see any reason for the appreciation of the local currency, with interest rates having dropped. The average RON/EUR exchange rate last year was RON 4.23/EUR, and RON 3.68/EUR the year before.

At the beginning of January last year, the exchange rate was RON 4.02/EUR. It peaked at RON 4.31/EUR towards the end of January last year, according to data from the BNR.

Staff

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