The leu opened at 4.467/4.468 per euro, modestly lower compared with 4.4655/4.4675 per euro at Thursday close, but appreciated shortly after.
At around 10:10 am, the leu traded at 4.4525/4.4555 to the euro.
Romania’s central bank set the leu’s reference at 4.483 to the euro Thursday, 0.3% stronger on the day. Against the US dollar, the leu’s indicative won 0.6% to 3.3638 units.
In the money market Friday morning, overnight rates were at 2%-3% a year.