Finances
DOLLAR STRENGTHENING CHANGES MOLDOVAN LEU EXCHANGE TREND - CURRENCY DEALERS
The national Moldovan leu currency exchange trend has changed due to considerable strengthening of the American dollar to all the foreign currencies. Currency dealers say about the transactions with cashless currencies at a rate of MDL16.60 : US$1 and MDL20 : US$1 and even lower.
"A considerable strengthening of the US dollar positions over the last two weeks at international markets allowed to easily overcome the psychological exchange rate barrier of the single European currency against the Moldovan leu within MDL20 : Euro1. Now, the Euro is traded even lower than 20 lei", the Infotag interviewee said.
Professional market participants, who were quite confidently forecasting the exchange rate of MDL15:50 : US$1 last week, do not renounce this possibility, but they hesitate, maintaining that this will not happen before summer.
"We suppose that much will depend on how the US dollar and Euro currency situation will develop. Let us say, if the correlation of this currency pair will be kept at the level of 1.25, it is much likely that the Moldovan leu will reach MDL16.60 : US$1 or even lower", dealers say.
At the request to comment on the situation and the moods on the cash currency market, its participants point at the stability that came after a considerable supply of the currency before May holidays.
"The current situation is that few are demanding currency and few are buying it", one of dealers said.
He pointed at the considerable activity of economic agents, which can be observed in the conducted transfers on the cashless currency market.
"At the end of April and the beginning of May, the demand for currency was registered that has not been registered at the beginning of the year", say market participants.
Infotag's dossier: For Thursday, the NBM established the following official Moldovan leu exchange rates: MDL16.5918 : US$1 and MDL19.91 : Euro1, respectively slightly weakening the national currency rate to the American dollar and strengthening it to the single European currency.
Add Comment