RON - Romanian Leu
Convertible: Yes - Transferable: Yes - Exchange rate regime: Floating

Types of transaction

FX Spot FX Forward
Delivery date: T; T+1; T+2 Maximum maturity: 24 months
Liquidity: Good Liquidity: Good

EUR/RON parity: liquidity schedules (GMT)

EUR/RON parity: liquidity schedules (GMT)

Did you know?

Monetary policy

  • Banca Naţională a României (BNR) is the Central Bank of Romania. Its objective is to maintain price stability, and it also supports the economic policy pursued by the Romanian Government.
  • Price setting method: the floating exchange rate is described as "supervised". The BNR is likely to make timely targeted foreign exchange interventions, in response to unexpected shocks that may affect the Romanian economy.

Features and highlights

  • The Leu, the name of the national currency, means lion in Romanian.
  • In 2005 the new Romanian Leu was created, following the BNR's decision to remove four zeros from the cuts of the time (which occurred during a period of high inflation).


  • There are no special restrictions on the purchase and sale of RON.

Expert opinion

The RON is a so-called relatively stable emerging currency, despite the floating exchange rate in place in the country. The EUR / RON has appreciated barely 5% since early 2013.

Payments in RON to Romania

The IBAN format is mandatory. Payment instructions must contain:

  • The SWIFT Code of the beneficiary bank
  • The full name, address and IBAN of the beneficiary.
Public holidays 2018 (subject to change)
New Year's Day 1 January Saint Mary's Day (Assumption) 15 August
New Year's Holiday 2 January Saint Andrew's Day 30 November
Easter Monday (Orthodox) 9 April National Day 1 December
Labour Day 1 May Christmas Day 25 December
Descent of the Holy Spirit (Orthodox) 28 May Boxing Day 26 December
International Children's Day 1 June