EUR/RON: what to know
The EUR/RON rate shows how much RON you get for 1 EUR. Right now, 1 EUR buys 5.2538 RON at the mid-market rate. In the other direction, 1 RON is worth 0.1903 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while RON responds to regional sentiment and euro moves.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the EUR/RON rate has ranged between 5.0619 and 5.2646 — a change of +3.79% 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.