July brings exchange rate lows - Azi

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The RON is 10% weaker than a year ago, while forecasts for the coming few months vary.July, as in 2007, brings the prospect of an annual low, after the euro stands at an average of 3.59 RON three weeks into the month.

The level is much lower than the previous few months" averages, which fluctuated between 3.64 and 3.72 RON per euro. In July 2007, the euro reached a five-year low, after the monthly average fell to 3.13 RON per euro. Whereas last year, the RON was one of the "best-performing"...

Read the whole story in: Ziarul Financiar