The leu opened at 4.429/4.432 to the euro, weaker than 4.4245/4.427 to the euro at Thursday close.
In the first trading hour, the leu varied very slightly, between 4.429 and 4.433 units, while volumes were very low, dealers said. Shortly after 10:00 local time (GMT0800), the leu traded at 4.43/4.432 to the euro.
Romania’s central bank set Thursday the leu’s exchange rate at 4.4296 per euro, off a seven-month high of 4.4231 per euro touched in the previous session.
On the money market Friday morning, overnight rates were at 5.5%-6.5% a year, from 7%-7.5% a year in the previous day.