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March 7, 2021

RON at lowest level in five months

The national currency followed its descending trend, but oscillations were inferior to adjustments in the region, so that the rate rose above RON 4.31/ EUR, and the reference rate announced by the central bank reached RON 4.3137/ EUR, the steepest rate since early July. At the same time, the RON also plummeted against the American currency, and the rate rose by 2.82 ban, from RON 3.2299/ USD, to RON 3.2581/ USD. The marked fluctuations of the EUR occurred against the ebbing trust on the external financial markets, as a result of the problems faced by highly indebted economies in the euro zone.

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