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Romania's currency strengthens by real 6.5% over past two years

February 12, 2024

Romania's currency (RON) strengthened in real terms against the euro for the second year in a row last year when the local currency's appreciation (depreciated by differential HICP) was 2.4% as of December. This is less than the 4% real advance of the RON during the first year of high inflation in Europe (2022).

Romania's currency stayed relatively flat in real terms versus the euro over the previous five years (2017 to 2021).

Thus, Romania's currency accumulated a real appreciation...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-currency-strenghtens-two-years
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