Romania’s leu extended early gains versus the euro in mid trade Friday and the central bank’s reference strengthened 0.2% on the day to 4.0815 units, hitting a fresh 13-month high.
A stronger rate, of 4.0729 per euro, was recorded on 30 March 2010.
However, the leu’s indicative lost 0.3% against the US dollar, reaching 2.8026 units.
The leu opened up at 4.083/4.085 per euro, from 4.087/4.089 per euro at Thursday’s closing and further gained ground, amid a quiet market. It hit an early high at 4.078 per euro and traded in narrow ranges until mid-session.
On the money market, overnight rates rose to 5.9%-6.4% a year, from 2.3%-2.8% a year Thursday.