The leu closed at 4.49/4.4915 per euro, slightly higher from 4.498/4.499 per euro Friday.
The local currency opened flat at 4.4985 against the euro, but started to gain ground, hitting the day’s high of 4.4875 to the euro in the second half of the session.
Monday, the central bank set the leu’s reference at 4.4935 versus the euro, the strongest rate this year.
The leu won a little over 1% versus the euro during the past five sessions, despite a negative sentiment in the region. Market participants believe the central bank has stepped in to protect the national currency.
However, the leu continued to decline against the US dollar and the indicative was set at 3.3264 units, down 0.13% on the day.
In the money market, overnight rates were at 3.69% – 4.19% a year.