0.2 C
Bucharest
January 27, 2023
BUSINESS

National currency not reacting to political scene

Yesterday the exchange rate posted by the Central Bank was “unchanged.” The foreign exchange market did not react to the turmoil on the political scene. Moreover, according to the National Bank of Romania (BNR), the national currency (RON) appreciated by 0.07 per cent in relation to the European common currency (EUR). The EUR/RON exchange rate stood at 4.4243 yesterday, and at 4.4272 on Friday.
The Bucharest Stock Exchange was even more interesting. Halfway through the trading day yesterday, the BET index was registering a growth of 0.29 per cent to 6,975 points. At the same hour, the Warsaw Stock Exchange was showing a 0.21 per cent day-on-day drop in its WIG index. The Budapest Stock Exchange was registering a 0.57 per cent drop in its BUX index.
Once again, this is a strong signal that Romania’s economic stability is a factor worth taking into account both by local and foreign investors.

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