RON/USD: what to know
The RON/USD rate shows how much USD you get for 1 RON. Right now, 1 RON buys 0.2208 USD at the mid-market rate. In the other direction, 1 USD is worth 4.5298 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while USD responds to Fed policy, US growth and global risk appetite.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the RON/USD rate has ranged between 0.2169 and 0.2349 — a change of -4.92% 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.