On Monday, the leu’s exchange rate was at 4.4231 to the euro, the strongest in more than seven months. The market was closed Tuesday and Wednesday for the Christmas holidays.

Against the US dollar, however, the leu’s reference gained 0.25% to 3.3384 units.

The leu opened at 4.418/4.42 per euro and slid towards 4.43 in a quiet market with low transferred volumes. It touched an intraday low at 4.433 by mid-session. At around 13:00 local time (GMT1100), the leu traded at 4.432/4.433 to the euro.

On the money market, overnight rates were at 7%-7.5% a year, unchanged from Monday.