Romanian Leu Ends Slightly Stronger vs Euro

The leu ended at 4.2635/2650 per euro, compared to 4.2665/2685 per euro on Tuesday.

"The leu and other currencies of emerging markets in the region tried to stabilise today. Trading in the leu was marked by low liquidity and decreased volatility," one dealer told SeeNews.

The leu's exchange rate has changed its variation range from 4.19-4.25 per euro to 4.25-4.30 and it is expected to oscillate there in the next two days, the dealer added.

The Romanian central bank, BNR, set its reference exchange rate at 4.2618 per euro on Wednesday, compared to 4.2673 per euro on Tuesday. For the U.S. dollar, the BNR set the reference exchange rate at 2.9009 versus Tuesday’s 2.9247.

Turnover on the interbank leu deposit market slightly fell to 2.741 billion lei on Tuesday from 2.757 billion lei on Monday. The BNR will issue Wednesday’s turnover figures on Thursday.

Interest rates on overnight leu deposits fell to 7.74%/8.24% on Wednesday from 8.17%/8.67% on Tuesday.