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EXCHANGE RATE

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Capital Market

Leu Reverses Losses Vs Euro, Exchange Rate At 4.461

Romania’s leu reversed early losses against the euro by midday Friday and the central bank’s reference strengthened to 4.461 units, from 4.4625 units a day earlier, with dealers suspecting a...

Florentina Dragu · 08.06.2012 · 13:21 · 1 min
How Much Further The Leu Can Depreciate And Who Would Be Affected By A Euro Worth RON5
Banks-Insurance

How Much Further The Leu Can Depreciate And Who Would Be Affected By A Euro Worth RON5

The depreciation of the leu towards RON5 per euro would affect Romanians whose loans in euros are worth EUR3.5 billion and would lead to a deterioration of banks’ loan portfolios and an incr...

Radu Bostan · 08.06.2012 · 00:00 · 4 min
Leu In Ranges Vs Euro, Exchange Rate At 4.4625
Capital Market

Leu In Ranges Vs Euro, Exchange Rate At 4.4625

Romania’s leu traded in narrow ranges against the euro by midday Thursday and the central bank’s reference gained modestly to 4.4625 units, from 4.4642 units a day earlier.

Florentina Dragu · 07.06.2012 · 13:45 · 1 min
Vasilescu: BNR Will Use “All Its Instruments” To Stop An Excessive Depreciation Of The Leu
Banks-Insurance

Vasilescu: BNR Will Use “All Its Instruments” To Stop An Excessive Depreciation Of The Leu

The National Bank of Romania doesn’t plan on sitting idly by, but will use all the instruments at its disposal if an excessive appreciation of the US dollar might endanger the price stabilit...

Radu Bostan · 07.06.2012 · 00:00 · 1 min
Capital Market

Leu Reverses Gains Vs Euro, Exchange Rate At 4.4642

Romania’s leu lost its early edge against the euro by midday Wednesday, but the central bank’s reference strengthened modestly to 4.4642 units, from 4.4646 units in the previous day.

Florentina Dragu · 06.06.2012 · 13:22 · 1 min
Leu In Ranges Vs Euro, Exchange Rate At 4.4646
Capital Market

Leu In Ranges Vs Euro, Exchange Rate At 4.4646

Romania’s leu moved in a narrow range against the euro by midday Tuesday and the central bank’s reference strengthened marginally to 4.4646 units, from 4.4648 units in the previous session.

Florentina Dragu · 05.06.2012 · 13:36 · 1 min
Leu’s Depreciation Caused By Speculative Pressure, Euro Zone Problems - ING Bank Official
Banks-Insurance

Leu’s Depreciation Caused By Speculative Pressure, Euro Zone Problems - ING Bank Official

The depreciation of the Romanian currency is mainly speculative, unlike in 2008, when capital outflows were legitimate, and the central bank will no longer transfer pressure onto the monetar...

Ioana Tudor · 03.06.2012 · 12:41 · 1 min
ING: Romanian Leu Exchange Rate Might Continue To Lose Ground Against Euro
Banks-Insurance

ING: Romanian Leu Exchange Rate Might Continue To Lose Ground Against Euro

The Romanian leu’s exchange rate might fall to 5 units against the euro, whether Greece exits the euro currency zone or not, and pressure on the euro and currencies in the region will contin...

Ioana Tudor · 03.06.2012 · 11:39 · 1 min
Leu Exchange Rate At 4.4648 Vs Euro, Falls Again Vs US Dollar
Capital Market

Leu Exchange Rate At 4.4648 Vs Euro, Falls Again Vs US Dollar

Romanian leu’s exchange rate strengthened slightly to 4.4648 units against the euro Friday, but dropped for the third straight session versus the US dollar and hit a new all-time low of 3.62...

Florentina Dragu · 01.06.2012 · 13:39 · 1 min