Signal Search

Romanian currency hits new record low against euro on day of no-confidence vote Romania’s currency hit a new all-time low on Tuesday, May 5, the day the Parliament was scheduled to vote on the no-confidence motion against the government, as political uncertainty continues to weigh on financial markets. The exchange rate reached RON 5.218 per EUR, up from RON 5.199 recorded a day earlier by the National Bank. The RON has been on a steady downward trend in recent weeks, weakening by around 2.5% over the past two weeks after remaining relatively stable at around RON 5.09 per euro since the beginning of the year, Ziarul Financiar noted.