USD/RON: what to know
The USD/RON rate shows how much RON you get for 1 USD. Right now, 1 USD buys 4.5298 RON at the mid-market rate. In the other direction, 1 RON is worth 0.2208 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while RON responds to regional sentiment and euro moves.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the USD/RON rate has ranged between 4.2563 and 4.6105 — a change of +5.17% 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.