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September 30, 2020
BUSINESS

X-Trade Brokers: BNR policy, beneficial to the Romanian currency

Swiss Franc was among the most stable currencies. The currencies of East European EU member states strongly devaluated in Q1 2009, then reversed to an upward trend – except for the Romanian Leu, which once again devaluated in the autumn, during the political crisis, writes a release issued by X-Trade Brokers Romania.


“The policy of the National Bank of Romania (BNR) proved beneficial for the national currency, which marked a devaluation of some 4 per cent between the beginning of the year and the end of last week; the variation between the minimum and maximum values registered by the Leu against the Euro this year was of just 6 pc, and the national currency was not very volatile compared to other currencies. The political crisis in the autumn contributed to the Leu reaching a new devaluation level, compared to the spring, which gave the national currency a <> evolution against the main currencies of the East European EU member states,” explains Victor Safta, the head of the Romanian branch of X-Trade Brokers, the biggest brokerage house of Central and Eastern Europe.


The reference rate announced on Monday by the National Bank of Romania (BNR) declined very little on Monday, by 0.31 bani, to RON 4.1997/EUR, reaching in this way a new minimum of the last three months, according to Mediafax. A lower rate than that of Monday was registered on September 30, when the EUR was rated at RON 4.1981. The exchange rate published yesterday by BNR is 0.31 bani below the rate of Thursday, of RON 4.2028/Euro.

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