exchange rate
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Another troubled year for the RON
The RON could experience problems again at the beginning of this year, as it did in 2008 and 2009, when the first two months came with quite an abrupt depreciation of the exchange rate.
How did the exchange rate remain below 4.7 RON?
The euro is about to end the year at close to 4.2 RON, and may even end up lower than that. Who anticipated the stability of the exchange rate in the last three quarters correctly six months...
What exchange rate do companies use to plan their next year budgets?
In full process of drawing up budgets for 2010, the RON/euro exchange rate is the biggest challenge Romanian executives are facing. A ZF survey shows any option is possible between 4.2 and e...
How NBR spent one billion euros in September to keep exchange rate low
NBR spent approximately 1.1 billion euros in September to keep the RON/EUR exchange rate low for two weeks, yet the political crisis that started a week ago drove the rate back up towards 4....
Citi analysts see exchange rate go down by yearend
The analysts of Citi financial group took the forex market by surprise yesterday, when they announced they saw the euro gradually go down towards 3.95 RON at the end of the year, while most...
According to an NBR report, Romanian economy is in shock
The shock induced by the depreciation of the exchange rate and by the rise of interest rates on loans is placing companies and the population in a more difficult situation than anticipated b...
Banks expect as much as 4.7 RON/euro
Romanian banks expect peaks as high as 4.5-4.7 RON/euro in autumn, after the official exchange rate hit a new all-time high on Tuesday, at 4.29 RON
Euro exchange rate officially leaps beyond 4 RON, analysts see new increases ahead
The euro officially crossed the psychological threshold of 4 RON in the first day of trading of the year, for the first time since November 2004, and the way now looks paved for new increase...