Euro reverts to 2002 level pressured by foreign speculators
The euro fell to its lowest level in Bucharest yesterday since December 2002, after both local and foreign stock market players placed aggressive "buy" orders for RON on the stock market.
The NBR calculated an exchange rate of 3.3477 RON at one euro, the lowest published since the beginning of December 2002. The euro has fallen by more than 1.3% at the official exchange rate in March alone.
Rates decreased even further on the forex market, with the euro reaching a low not seen in four years of 3.3270/3.3320 RON, almost 0.8% below the level at which it had started the day. .
