RON/CAD: what to know
The RON/CAD rate shows how much CAD you get for 1 RON. Right now, 1 RON buys 0.3062 CAD at the mid-market rate. In the other direction, 1 CAD is worth 3.2656 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while CAD responds to oil prices and the US economy.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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”.
Over the past 12 months the RON/CAD rate has ranged between 0.3042 and 0.3225 — a change of -4.82% 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.