Monday, the leu closed at 4.2445/4.249 per euro.
The leu opened at 4.25 per euro, but further lost ground, hitting the day’s low of 4.2666 per euro. In the afternoon, the leu recovered some ground and traded near 4.25 per euro for the remainder of the session.
The central bank set the leu’s reference at 4.251 to the euro, almost 0.2% weaker on the day.
However, the leu strengthened against the Swiss franc, gaining over 7% on the day at 3.5344 units, after the country’s central bank decided to fix the exchange rate at 1.2 francs per euro in a move to limit the currency’s overvaluation.
On the money market, overnight rates fell to 4.7%-5.2% a year, from 5.3%-5.8% a year in the previous session.