Romanian Leu Ends Tad Stronger vs Euro

The leu ended at 4.2860/2900 per euro, compared to 4.2900/2940 per euro on Tuesday.

The Romanian currency opened near 4.2930 per euro and was traded amid a calm market near that level, one dealer told SeeNews. The other currencies of emerging markets in the region, especially the Hungarian forint, were mostly up, the dealer said.

The BNR set its reference exchange rate at 4.2930 per euro on Wednesday, compared to 4.2911 per euro on Tuesday. For the U.S. dollar, the BNR set its reference exchange rate at 2.8749 versus Tuesday’s 2.8662.

Turnover on the interbank leu deposit market rose to 3.821 billion lei on Tuesday from 3.324 billion lei on Monday. The BNR will issue Wednesday’s turnover figures on Thursday.

Interest rates on overnight leu deposits fell to 7.76%/8.26% on Wednesday from 9.18%/9.75% on Tuesday.