Exchange Rate in Romania

Romania Exchange Rate vs EUR (aop) | Economic News & Forecasts

Romania - Exchange Rate (average of period)

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 vs EUR (aop) Data

2013  2014  2015  2016  2017  
Exchange Rate (vs EUR, aop)4.42  4.44  4.44  4.49  4.57  

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Romania Exchange Rate vs EUR (aop) Chart


Romania Exchange Rate
Note: Romanian Leu (RON) per euro.
Source: Thomson Reuters.

Romania Facts

ValueChangeDate
Bond Yield4.750.23 %Mar 11
Exchange Rate4.23-0.34 %Mar 11
Stock Market7,936-0.59 %Mar 11

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