Of all transactions in July, inter-banking operations totaled EUR260 million, down by EUR20 million from a month before. The rest were client-operations, including transactions developed by offshore clients.
In Bucharest alone, foreign currency transactions were at around EUR1.56 billion daily in January to July, EUR20 million higher compared with the same period in 2014, on higher volatility on the market amid debt crisis in Greece that escalated this spring.
During the analyzed period, the foreign currency market accounted for average daily traded volumes similar with January to July 2010, when economy was in recession. On the other hand, Romania posted an economic growth of 4% in the first quarter of 2015.
According to financial analysts, the economic growth is seen 4% higher in 2015, while the official forecast sets it at 3.3%.
In January to July 2014, the average daily traded volumes on the foreign currency exchange market in Bucharest were at EUR1.54 billion, a record-low of the last four years.
(English version by Manuela Panescu)