CAD/RON: what to know
The CAD/RON rate shows how much RON you get for 1 CAD. Right now, 1 CAD buys 3.2656 RON at the mid-market rate. In the other direction, 1 RON is worth 0.3062 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while RON responds to regional sentiment and euro moves.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the CAD/RON rate has ranged between 3.1011 and 3.2877 — a change of +5.06% 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.