Analysts have revised upward their forecasts for the Romanian leu’s exchange rate following political turmoil and capital outflows in recent weeks, although most projections still imply further real appreciation of the currency after years of nominal stability amid elevated inflation. The leu weakened rapidly during the latest wave of market tensions, briefly approaching RON 5.3 per euro, but economists noted that the currency still remains stronger in real terms compared with previous years due to Romania’s persistently higher inflation relative to trading partners. BCR, Romania’s second-largest bank by assets, said in a recent report cited by Ziarul Financiar that it now expects the exchange rate to reach RON 5.25 per euro by the end of 2026, compared to its previous forecast of RON 5.17.