Bucharest forex market stabilises around 36bn-euro transactions a month

Although it has seen steady growth over the last few years, the Bucharest forex market still falls behind other regional markets. The overall volume traded on the Bucharest forex market fell slightly in May on April, and reached 35.9 billion euros, reveals a ZF calculation based on daily average data announced by the NBR (National Bank of Romania). In April, forex transactions amounted to nearly 36.5 billion euros, while the record was set in January, when the overall volume had climbed to almost 42 billion euros. The decline in the volume of sums traded came amid a lower volatility, compared with the previous months. The euro fluctuated in a relatively narrow band, between 3.63 and 3.69 RON, amid a rather low trading appetite from players. In April, rates fluctuated between 3.56 and 3.73 RON per euro.