Exchange Rate in Romania
Romania - Exchange Rate
Leu weakens to an all-time low in late December amid protests against judiciary reform
The Romanian leu (RON) came under pressure in late December amid unrest caused by protests against government plans to reform the judicial system. On 29 December, the leu closed the day at an all-time low against the euro of 4.67 RON per EUR, which represented a slight 0.6% depreciation over the same day of the previous month. As of 29 December, the leu had lost 2.8% of its value year-to-date and was also 2.8% weaker compared to the same day last year.
In 2017, the leu hit several record lows, as controversial decisions by the Social Democrat-led government coalition prompted widespread protests. Romanians have been protesting over claims that the government wants to overhaul the justice system to debilitate the fight against corruption. At the end of November, the U.S. State Department called on Romania's parliament not to approve laws that could hamper the judicial fight against corruption, and in late December seven EU member states urged the government not to weaken the independence of the judiciary.
All told, currency-related distress is likely to mitigate going forward. The economy remains buoyant, and the Central Bank is expected to tighten its monetary stance; however, political unrest could continue, and the current account balance will remain in deficit due to the country’s capital imports. The currency is thus expected to remain broadly stable against the euro this year and appreciate slightly in 2019.
The FocusEconomics Consensus Forecast panel expects the RON to end 2018 at 4.62 per EUR, and it projects the leu will appreciate further, to 4.56 per EUR, by the end of 2019.
Romania - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 3.26 | 3.69 | 4.15 | 4.30 | 3.89 |
Romania Exchange Rate Chart
Source: Thomson Reuters.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.03 | 0.23 % | May 13 |
| Exchange Rate | 4.24 | -0.34 % | May 13 |
| Stock Market | 8,165 | -0.59 % | May 13 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Romania: Industrial output falls slightly in March
May 14, 2019
Industrial output declined 0.2% on an annual basis in March, contrasting the 1.9% year-on-year rise in February.
Romania: Inflation ticks up in April
May 13, 2019
Consumer prices increased 0.6% from a month earlier in April, up from the 0.5% month-on-month increase in March.
Romania: Economic growth down marginally in Q4 2018
April 8, 2019
A second estimate released on 8 April by the Statistical Institute (INSSE) confirmed that the economy grew 4.1% in the fourth quarter over the same period a year earlier, a notch below the third quarter’s 4.2% expansion.
Romania: Central Bank stays put in April
April 2, 2019
At its monetary policy meeting held on 2 April, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
Romania: Growth eases through Q4 2018
March 7, 2019
A comprehensive estimate released by the National Institute of Statistics revealed the economy expanded 4.1% in the fourth quarter over the same period a year earlier, decelerating from the third quarter (Q3 2018: +4.2% year-on-year).
© Copyright: 2019 | Romania Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
