RON/GBP: what to know
The RON/GBP rate shows how much GBP you get for 1 RON. Right now, 1 RON buys 0.1632 GBP at the mid-market rate. In the other direction, 1 GBP is worth 6.1262 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while GBP responds to Bank of England policy and the UK economy.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the RON/GBP rate has ranged between 0.1617 and 0.1740 — a change of -4.17% 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.