Romanian leu reaches record low against the euro

Business Forum

6 May, 2025 at 1:20 PM

The Romanian leu (RON) depreciated on Tuesday against the euro, which the National Bank of Romania (BNR) calculated at RON 5.0378. This represents an increase of 1.21% compared to Monday, marking a new historical high for the euro against the leu.

The leu also lost ground against the US dollar, which was quoted at RON 4.4517, up by 1.40% compared to Monday's rate.

"Capital inflows have decreased, while outflows have increased significantly. Consequently, to moderate these movements, liquidity had to be drawn from the market, leading to higher interest rates. The National Bank of Romania will seek an optimal solution for this situation," explained Dan Suciu, BNR spokesperson, according to Agerpres.

Furthermore, the national currency weakened against the Swiss franc, with the BNR setting the exchange rate at RON 5.3932, up 1.23% compared to yesterday.

The currency markets have been rattled by the political uncertainty caused by the resignation of the Romania PM following the first round of presidential elections.

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