‘The national currency has remained stable in front of the euro, in an international context full of significant events, and has the chance to end the current year with a quite reduced variation from the quotation it had in the beginning of 2013, certainly, in the context in which other factors that could determine on the market volatilities higher than those we can estimate at present do not come up,’ said Silviu Pojar, Sales Manager with Noble Securities – Romania branch, member of the European financial group Getin Noble Bank Group of Companies & Getin Holding.

The euro is still on a downward trend in relation to leu, according to the reference exchange rate announced yesterday, October 2 by BNR of RON 4.4511 for one euro, 0.49 bani lower than Tuesday. Leu appreciation in relation to the U.S. dollar is insignificant, as yesterday’s reference exchange rate shows RON 3.2888 /dollar, slightly lower than RON 3.2894 /dollar Tuesday. T

he RON/Swiss franc exchange rate has also decreased from RON 3.6377 /franc Tuesday to 3.6364 lei/franc. For the first time, the euro quotation was RON 4.4460 – 4.4490, slightly lower than the level reported Tuesday, around 4.30 p.m., when exchanges were made according to a RON 4.4475 – 4.4490 /euro rate. After the first transfers, the exchange rate reached RON 4.4550 /euro and then returned to RON 4.45 /euro.

Interest rates practiced by commercial banks for 1-day deposits in RON dropped from 3.05 – 3.55 percent to 2.5 – 3 percent per year. At the same time, returns for 1-week deposits dropped from 3.03 – 3.53 percent la 2.63 – 3.13 percent per year. (source: nineoclock.ro)