About this pair
XAU/RON: what to know
The XAU/RON rate shows how much RON you get for 1 XAU. Right now, 1 XAU buys 19,706.60 RON at the mid-market rate. In the other direction, 1 RON is worth 0.0000507444 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while RON responds to regional sentiment and euro moves.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.