Against the US dollar, the leu’s exchange rate further lost 0.27% to 4.549 units on May 9, compared to 4.536 units per dollar on May 8.
The Romanian leu started its decline against the euro on Monday (May 5) amid lingering political tension locally following the first round of presidential election held on Sunday (May 4).
On Tuesday (May 6), the Romanian leu surpassed the threshold of 5 units against the euro for the first time ever. Over the last two years, the EUR/RON exchange rate has stayed put, being stable at 4.97 to the euro.
The three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies’ leu-denominated loans, climbed further on May 9, to 7.31%, from 7.25% on May 8.