The leu opened flat at 4.46 to the euro. It appreciated to 4.457 per euro after the first hour. Trading activity was very slow, as most markets in the region are closed for Easter.
At around 10:00 am, the leu traded at 4.457/4.46 per euro.
Romania’s central bank set the leu’s reference at 4.4684 versus the euro Thursday, 0.17% stronger rom a three-week low of 4.4762 in the previous session. Against the US dollar, the leu’s indicative gained 0.3% to 3.2233 units.
In the money market Friday morning, overnight rates were at 2%-3% a year.