Exchange Rate in Romania
Romania - Exchange Rate (average of period)
Leu slides to all-time low in March on coronavirus fears
The Romanian leu (RON) lost ground against the euro over the past month and hit an all-time low of 4.86 per EUR on 18 March amid market fears over the fast-spreading coronavirus globally and its impact on economic activity. The leu recovered somewhat thereafter as the Central Bank intervened in the FX market to halt its fall. On 3 April, the leu ended the day at RON 4.83 per EUR, marking a 0.4% depreciation from the same day in March. Moreover, the currency was down 1.6% year-on-year and 0.9% year-to-date.
The leu has been weakening since the start of February when Parliament ousted Prime Minister Ludovic Orban’s three-month old minority government in a no-confidence vote. Since then, it acted as caretaker government until 14 March, when he was reinstated as head of government to tackle the coronavirus outbreak. The currency was further pummeled by the sharp sell-off in risky assets due to coronavirus-induced panic and growing fears over the pandemic’s impact on the real economy and financial system.
As things currently stand, the leu is seen weakening further ahead, with the country’s swelling fiscal and current account deficits continuing to exert downward pressure.
FocusEconomics panelists project the RON to end 2020 at 4.98 per EUR and 2021 at 5.02 per EUR.
Romania - Exchange Rate vs EUR (aop) Data
|Exchange Rate (vs EUR, aop)||4.44||4.49||4.57||4.65||4.75|
5 years of economic forecasts for more than 30 economic indicators.
Romania Exchange Rate vs EUR (aop) Chart
Source: Thomson Reuters.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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.
June 12, 2020
Consumer prices rose a seasonally-adjusted 0.1% over the last month in May, a smaller increase than April's 0.3% rise.
June 12, 2020
Industrial output fell 38.6% year-on-year in April (March: -14.5% yoy) marking the sharpest contraction on record.
June 9, 2020
A second reading confirmed economic activity waned in the first quarter, with GDP growth moderating to 2.4% year-on-year, down from Q4’s 4.3% expansion.
May 29, 2020
In an unscheduled meeting held on 29 May, the National Bank of Romania (NBR) cut the policy rate by 25 basis points to 1.75% and the lending facility (Lombard) rate by 25 basis points to 2.25%.
May 15, 2020
GDP growth moderated to 2.4% year-on-year in the first quarter from the 4.3% expansion tallied in the final quarter of 2019, according to a flash estimate released by the Statistical Institute on 15 May.