The leu opened at 4.501/4.506 per euro, slightly down from 4.4985/4.5015 per euro at Friday close, and moved in a tight range in the first part of the session.
At around 10:00 a.m. (GMT0800), the leu traded at 4.502/4.5045 against the euro.
The Romanian central bank set the leu’s exchange rate at 4.4931 per euro, 0.12% stronger on the day. Against the US dollar, the leu’s indicative won 1.2% on the day to 3.2352 units.
In the money market Monday morning, overnight rates slightly fell to 0.5% – 1% a year.