Noble Securities : the leu remains the most performing currency in the EU at the end of the first 10 months
The leu is, at the end of the first ten months of this year, the most performing currency in the EU, being the only which records a growth against the euro as compared to the quotation of January, according to the analysis of the Brokerage House of Noble Securities. ‘Over the last months, the national currency was little influenced by the relaxation cycle of the monetary policy launched by BNR and, moreover, resisted the trouble created by foreign events, which were not many, and which were important, and as a consequence, generating volatilities increased on the market. As regards euro, we have to say that the single currency had in October a favourable trend against the USD ( with an increase of almost 0.4%) although it was affected over the last days of the past month by the disappointing results both in Germany as well as in the euro area as a whole as regards unemployment, moreover, the gap between the inflation rate in the euro zone and the objectives of the European Central Bank (BCE) strengthened the speculations according to which BCE could take into consideration the drop of the key interest to stimulate growth in the region’ said Silviu Pojar, sales manager with Noble Securities – the Romanian branch, member of the financial group Getin Noble Bank Groups of Companies &Getin Holding.
At the end of October, the leu recorded a growth of almost 0.5% against the euro by comparison to the quotation at the end of the month. Th forint had an advance of almost 0.7% in October against the euro, and the Polish Zlot, the Czech Kron was lowered by almost 0.4% and the Swedish kron and the Pound dropped by almost 1.3% each in the mentioned period.
At the end of the first ten months of 2013, the leu recorded a growth of almost 0.3% against the euro, by comparison with the quotation at the end of January, being the only currency in the EU which means an appreciation against the single currency up to the present for the current year. The Croatian Kuna loses from the previous performances, but the currency in the EU is kept with the lowest drop against the euro ( almost 0.6%)at the end of October by comparison with its quotation at the beginning of the year, during the same interval, the Forint dropped by approximately 1.42%, the Swedish Kron went down by approximately 2.5%, the Zlot and the Czech Kron dropped by almost 2.7% each and the pound by approximately 4.2%.
The euro appreciated by approximately 3% against the American dollar at the end of October by comparison with the quotation at the beginning of the year. In October, the dollar reached the minimum for the current year against the euro, due to the partial blokage of activity of the American government and the way in which it was solved.. Over the last week of last month, the dollar had a spectacular correction but up to the present moment, the majority of the currency of the EU they had an advantage over the American dollar. The leu is special among the currencies in the EU, recording at the end of the first ten months an increase of almost 3.1% against the dollar, as compared to the quotation at the beginning of the year, thus being placed together with the euro, in the top of currencies in the region which had the highest appreciation against the dollar.
The European financial group Getin Noble Bank Group of Companies & Getin Holding took the first step in Romania in 2012, opening the local branch of the brokerage company Noble
Securities. Getin Noble Bank Group of Companies owns banks ( retail banking, private banking, corporate banking) investment funds, financial and real estate consultancy companies, leasing and insurances. In its turn, Getin Holding owns banks, leasing companies and insurances, as well as companies in the financial domain in Poland, Russia, Ukraine, Belarus and Romania.
The Brokerage House Noble Securities is regulated and authorised by the body in Poland, and the branch of Romania will operate under the supervision of the National Commission of Assets (CNVM).