National currency on downward trend in early 2014

Romania’s national currency the leu (RON) continued the downward trend of last year. The leu depreciated on the first trading day of 2014 on the local market, with the National Bank of Romania (BNR) publishing on Friday, January 3, an exchange rate of RON 4.4882 /EUR, up 0.35 bani compared to the last quotation of 2013.  The exchange rate announced on Friday is the highest since June 21, 2013, when the euro was RON 4.5209. The national currency declined by 2.08 bani against the euro on the last day of 2013, when the central bank established an exchange rate of RON 4.4847 /EUR, down 1.2 per cent compared to the exchange rate at the end of 2012.  The leu also went down against the US dollar on Friday, so that the RON/US dollar exchange rate surged by 3.37 bani up to RON 3.2888 /USD. On the last day of December, the exchange rate was RON 3.2551 /USD, lower by 3 per cent compared to the end of 2012 when the exchange rate was RON 3.3575 /USD.  The RON/Swiss franc exchange rate went down slightly on Friday from RON 3.6546 /CHF to RON 3.6498 /CHF. In 2013, the leu has slightly appreciated against the franc by 0.36 per cent from RON 3.6681 /EUR on Dec. 31, 2012.  The quotations of the national currency stood at nearly RON 4.49/EUR at the end of the trading session on Friday.

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