AUD/RON: what to know
The AUD/RON rate shows how much RON you get for 1 AUD. Right now, 1 AUD buys 3.2451 RON at the mid-market rate. In the other direction, 1 RON is worth 0.3082 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while RON responds to regional sentiment and euro moves.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the AUD/RON rate has ranged between 2.8279 and 3.2621 — a change of +12.96% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.