The exchange offices of several commercial banks display an USD exchange rate of RON 4.3 for the first time, following the official National Bank of Romania (BNR) exchange rate announced on Wednesday of RON 4.22, a historical high.
Currency market analysts say the RON has depreciated on the background of regional trends of worsening perception of the emergent markets. The USD, quoted on the Romanian currency market directly according to the EUR/USD exchange rate, has reached an upward trend after Donald Trump’s victory in the US presidential elections, the exchange rate climbed from RON 4.18 to RON 4.22.
For the Romanian consumers the USD exchange rate is relevant as imports from outside the EU (such as citrus, electronics, home appliances, gadgets, natural gas, fuels and cotton) are paid in the US currency. Its appreciation will lead to price increases for goods imported from outside the EU.
The EUR has reached a maximum level in the past four and a half months of RON 4.52. The CHF is quoted by BNR at RON 4.2071.