Euro exchange rate officially leaps beyond 4 RON, analysts see new increases ahead

The euro officially crossed the psychological threshold of 4 RON in the first day of trading of the year, for the first time since November 2004, and the way now looks paved for new increases.

Those that took loans in foreign currencies over the past few years when the RON was on its way up, are now getting bad news, because the instalment repayment effort will be much greater.

NBR calculated an exchange rate of 4.0296 RON/EUR yesterday, 4.44 bani (1 RON equals 100 bani) more than the level published in the last day of 2008.

The current level is but one step away from the all-time high of 4.14 RON reached at the beginning of 2004.

Ziarul Financiar