RON makes significant gain against EUR

Newsroom 24/08/2012 | 12:17

The Romanian currency RON has appreciated on Friday to a seven-week high against the Euro and gained 0.3 percent since Tuesday, when the Constitutional Court (CCR) decided that President Traian Basescu can return to office.

The Euro fell against the RON, losing 0.1 percent to RON 4.4819 on the previous day and 3.5 percent since the record rate of August 3. Meanwhile, the US dollar decreased by 0.3 percent to RON 3.5739. The US currency has depreciated by 1.4 percent since the CCR announcement. One gram of gold added 0.3 percent to RON 191.5270.

In the year to date, the RON has lost 3.6 percent against the euro and 7.6 percent versus the US dollar.

The domestic currency slipped to record lows against the euro and the US dollar in the past two months fueled by the political crisis that began in early July, when the Parliament suspended President Basescu on allegations that he breached the constitution.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue