RON/AUD: what to know
The RON/AUD rate shows how much AUD you get for 1 RON. Right now, 1 RON buys 0.3078 AUD at the mid-market rate. In the other direction, 1 AUD is worth 3.2487 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while AUD responds to commodity prices and Chinese demand.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the RON/AUD rate has ranged between 0.3066 and 0.3536 — a change of -11.47% 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.