Currency exchange rate risks impact Romanian consumers

Currency exchange rate risk in Romania directly impacts the daily lives of the population by influencing the prices of food, housing, and essential goods and services. Because Romania is not part of the eurozone, the country is exposed to fluctuations in the value of the national currency against the euro and the US dollar.

In Romania, the official exchange rate is published daily by the National Bank of Romania and serves a specific fiscal function for determining tax bases on foreign currency transactions. However, commercial exchange rates at banks and exchange offices differ from the official rate, as they are set by individual economic agents based on commercial interests and can fluctuate throughout the day.