Today, February 3, we will have a new BNR exchange rate for February 3, 2022. After 13:00 we will find out how the euro will evolve at the exchange rate, although yesterday the leu gained some ground. The effects of the economic crisis and the pandemic have visibly influenced the purchasing power of Romanians, an effect also due to fluctuations in the exchange rate.
The purchasing power of Romanians has decreased
The Romanian economy, although praised by the rulers, brought the leu to the brink of a massive devaluation. This translates into a decrease in the purchasing power of Romanians. Fluctuations in the exchange rate, plus the high rate of inflation, have led to an explosion in retail prices, but also in the service area. According to an analysis made by Fitch Solutions , the real expenditures of Romanian households will increase by 3.3% in 2022. Although this increase is lower than that of 4, Expected 6% during 2021, the pandemic has led to a significant economic contraction, creating a low base from which consumer spending could increase in 2021. Retail sales in Romania recorded impressive growth rates in 2021, helped by the low base effects created by the slowdown in 2020. However, retail sales growth slowed in previous months. In August 2021, retail sales increased by 11.7% year-on-year. Although it is still high, the growth of retail sales is on a slowdown starting with May 2021, the three-month average from June to August 2021 being 11.3%, compared to 24.7% between April and June 2021 These effects are also due to the instability of the leu against the single currency, and the large exchange rates, values that directly influence all prices.
Today we have a new exchange rate, and we will see after 13:00 what is happening with the European currency this beginning of the week.
BNR exchange rate for February 3, 2022
The new BNR COURSE is the one published at during today, after 13:00.
NBR exchange rate for February 3, 2022: Euro
1 euro=4.9457 Lei (-0.0005 Lei) One euro has the exchange rate presented at the value of 4.9457 Lei, together with a negative variation of -0.0005 Lei.
NBR exchange rate for February 3, 2022: Dollar
$ 1=4.3845 Lei (+0.0114 Lei) One dollar has the exchange rate presented at 4.3845 Lei, along with a positive variation of +0.0114 Lei.
BNR exchange rate for February 3, 2022: Pound sterling
1 pound=5.9390 Lei (+0.0122 Lei) The pound sterling has the exchange rate presented at 5.9390 Lei, along with the positive variation of +0.0122 Lei.
The ROBOR index established by the NBR on February 3, 2022
According to official data published by BNR , the ROBOR Index has risen from the previous day, as follows:
- The ROBOR index for one month: 2.69
- Three-month ROBOR index: 3.05
- ROBOR index at six months: 3.21
- ROBOR index at twelve months: 3.30
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here