Romanian Leu Strengthens Vs Euro, Exchange Rate At 4.0966

04.15.2011 By Baltatescu Anca

The Romanian leu kept its gains versus the euro mid-session Friday, and the central bank’s reference strengthened to 4.0966 units, from 4.1021 in the previous session.

The Romanian leu kept its gains versus the euro mid-session Friday, and the central bank's reference strengthened to 4.0966 units, from 4.1021 in the previous session.

The leu opened at 4.0975/4.1025 to the euro, lower than 4.099/40.1 at closing the day before.

Within the first hour of trading, the leu hit a low of 4.101 against the euro, after which the players started buying local currency, which strengthened the leu to 4.0945 versus the European coin.

On the money market, overnight rates fell to 2.25%-2.75% a year from 2.33%-2.83% a year in the previous session.