Romania's leu sinks to 3.7695 against euro, drops to the lowest in three years
Publish date: 25-01-2008Romania's leu dipped 0.16 percent to 3.7695 against the single European currency, on a market which saw heavy foreign currency buying in the first part of the day, followed by the leu's increase once the euro dropped against the U.S. dollar.
The reference exchange rate posted by the central bank (BNR) on Thursday stood at 3.7635 lei per euro. The leu dropped from 3.7500 to 3.7709 against euro in the first four hours of trading after which the leu gained ground to 3.7420 and stood between 3.7540 and 3.7590 at 2:20 p.m.
"After 1 p.m. the market backed off and the leu hiked against euro while the euro decreased against the U.S. dollar on international markets," chief dealer of Banca Transilvania Ioan Birle said.
The exchange rate posted by the central bank shows a 0.16 percent decrease of the leu against euro, dropping to a three-year low.
On international markets the U.S. dollar fluctuated from 1.4592 to 1.4638 against euro. It hiked suddenly to 1.4690 after 12:30 p.m., Romania's hour.
The leu gained 0.15 percent against the U.S. dollar, rising from 2.5811 to 2.5773.
The interbank interest rates for overnight deposits climbed close to the monetary policy interest of 8 percent per year, after BNR balanced the high liquidity on the market.
NewsIn
Latest News:
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei