[REVISION HISTORY]

Currency exchange rate trends in Romania and Moldova

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2026-10-24 04:38 UTC → 2026-10-26 13:31 UTC · added ~~removed~~

Currency exchange rate fluctuations in Romania and Moldova impact consumer costs for essential goods and services. Because Romania is not part of the eurozone, it remains exposed to fluctuations against the euro and US dollar, which influence prices for food, housing, and essential services. By late September 2026, the Romanian leu faced intensified downward pressure. On September 19, the euro rose above 5.26 lei, driven by political instability, protests in Bucharest, and rising US Treasury yields. On September 23, the National Bank of Romania (BNR) set the official rate at 5.2788 lei per euro, surpassing the previous record of 5.2688 lei set on May 6, 2026. This depreciation follows the fall of the Bolojan government, leaving Romania under an interim administration. Economic uncertainty is compounded by rising 10-year Romanian government bond yields and concerns regarding stagflation. On October 2, the leu reached a new historic low as the BNR set the official exchange rate at 5.3447 lei per euro. This coincided with a decline in Romania's foreign exchange reserves, which fell to 60.06 billion euros by the end of September. By October 6, the euro continued to appreciate, reaching an official rate of 5.3527 lei. On October 7, the BNR maintained its key interest rate at 6.50% per annum. ~~By mid-October, rates showed~~ Throughout mid-to-late October, the leu faced continued ~~volatility.~~ volatility and depreciation. On October ~~12,~~ 9, the BNR set the euro at ~~5.3373~~ 5.3414 lei, while the US dollar ~~rose to 4.7714~~ traded at 4.7612 lei. On By October ~~19,~~ 23, the euro ~~saw a further decrease~~ rose to ~~5.3272~~ 5.3495 lei and the US dollar reached 4.7770 lei. ~~In Moldova,~~ Analysts from CFA Romania projected that the ~~leu showed mixed trends, depreciating against~~ euro could reach between 5.4 and 5.5 lei by the ~~euro, which reached 20.10 MDL~~ end of 2027, driven by ~~October 20, while~~ inflation differentials and budget deficits. In the ~~US dollar rose to 17.92 MDL. By October 22, increased risk aversion led~~ first three weeks of October, the ~~Swiss franc and British pound to reach record highs~~ leu fell by 1.36% against the ~~leu.~~ euro.

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