RON/NZD: what to know
The RON/NZD rate shows how much NZD you get for 1 RON. Right now, 1 RON buys 0.3796 NZD at the mid-market rate. In the other direction, 1 NZD is worth 2.6342 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while NZD responds to soft-commodity prices and risk appetite.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.
Over the past 12 months the RON/NZD rate has ranged between 0.3711 and 0.4049 — a change of -2.30% 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.