The leu closed around 4.4295 to the euro, from 4.428 at Friday close, after a very quiet session.
“The market was quiet, without reaction to the elections outcome. It usually reacts to government changes, but it didn’t today. The leu moves were reduced, with no particular direction, and on low volumes,” a dealer said.
Klaus Iohannis, the mayor of Transylvanian city of Sibiu and leader of the center-right liberal party, defeated current Prime Minister Victor Ponta in the second round of presidential elections Sunday.
Ponta was largely considered the favorite to win the elections as it had a ten percent advance after the first round.
The leu traded between 4.4237 and 4.4295 units during the day, but the volumes were half of the daily average.
The central bank set the leu’s exchange rate at 4.4243 per euro, almost 0.1% stronger on the day.
On the money market, overnight rates stayed at 0.1%-0.5% a year.