RON/EUR: what to know
The RON/EUR rate shows how much EUR you get for 1 RON. Right now, 1 RON buys 0.1903 EUR at the mid-market rate. In the other direction, 1 EUR is worth 5.2542 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while EUR responds to ECB policy and eurozone growth.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the RON/EUR rate has ranged between 0.1899 and 0.1976 — a change of -3.65% 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.