Against the US dollar, the leu’s indicative won 0.5% on the day to 3.3127 units.
The leu opened up at 4.33/4.332 per euro, from 4.336/4.338 per euro at Friday’s closing. It further appreciated and at around 13:00 hours traded at 4.314/4.316 per euro.
“The leu’s appreciation is most likely the result of increased remittances from Romanians working abroad,” said one dealer.
On the money market, overnight rates were slightly up on the day at 4.7%-5.2% a year.