Romania's currency sinks 2% amid political turmoil
The National Bank of Romania (BNR) announced on May 6 a mid-day official exchange rate 1.2% d/d weaker for the local currency, which kept losing ground during the day to stabilize around RON 5.1 to euro or 2% down from just under RON 5.0…
iulian ernst · Journalist
· Updated · 3 min read
The National Bank of Romania (BNR) announced on May 6 a mid-day official exchange rate 1.2% d/d weaker for the local currency, which kept losing ground during the day to stabilize around RON 5.1 to euro or 2% down from just under RON 5.0 to euro seen in the past over a long period. The secondary market quotations for 10-year government bonds rose by almost 0.5 percentage points to 8.02/7.80 on May 6 over the two years since the first ballot of the presidential elections.
Market volatility will remain high over the coming two weeks before the May 18 final presidential ballot.
