NZD/RON: what to know
The NZD/RON rate shows how much RON you get for 1 NZD. Right now, 1 NZD buys 2.6342 RON at the mid-market rate. In the other direction, 1 RON is worth 0.3796 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while RON responds to regional sentiment and euro moves.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the NZD/RON rate has ranged between 2.4695 and 2.6947 — a change of +2.36% 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.