The national currency has lost 1.61% against the euro since the beginning of 2021.
The Romanian leu collapsed by almost 1.88% to the euro in 2020 after plunging by 2.5% versus the euro in 2019.
The political crisis and high deficits – general consolidated budget and current account balance – put pressure on the foreign exchange market mainly in the autumn months of 2021, with the national currency slumping to nearly 4.95 lei per euro.
The Romanian leu last dropped to a new all-time low against the euro on September 22, 2021, trading at 4.9495 lei to the euro.
Financial analysts polled by CFA Romania expect the leu to average 5.0517 to the euro, and for the 12-month horizon, analysts expect the leu to average 5.1145 to the euro, while inflation is seen averaging 5.8% during the same period.