The pro-austerity party seems likely to win the Sunday elections in Greece, giving hopes the country will remain in the euro-zone. The election results were welcomed on the international markets Monday, with stocks posting significant gains and investors turning to more risky assets.
On the local market, the leu opened at 4.458/4.46 to the euro, stronger from 4.464/4.4675 to the euro at Friday closing.
It then stayed in a narrow range and was traded at 4.459/4.46 to the euro by 10:10 local time (GMT0710). The other currencies in the region were also mostly stable after opening on the rise.
The Romanian central bank set Friday the leu’s exchange rate at 4.4576 per euro, slightly stronger on the day.
On the money market Monday morning, overnight rates were flat at 5%-5.5% a year.