Tuesday, the leu closed at 4.316/4.317 per euro.
The national currency opened slightly up at 4.312/4.314 per euro and further gained ground, hitting the day’s high of 4.3025 per euro.
US investment bank JPMorgan estimate the leu will gain 3% versus the euro over the next days, as local lenders prepare to transition to international accounting standards and will be exchanging euros to put the resulting excess liquidity into their reserves.
The central bank set the leu’s reference at 4.3045 to the euro, the strongest rate since September. Against the US dollar, the leu’s indicative won 0.5% on the day to 3.2787 units.
On the money market, overnight rates fell to 1.8%-2.3% a year, from 3.7%-4.2% a year Tuesday.