About Usdron and Usdron Trading
What type of currency pair is USD/RON?
The USD/RON falls into the exotic currency pairs group, as it includes a major currency (USD – the U.S Dollar) and an emerging currency (RON – the Romanian Leu).
The Romanian Leu acts as the quote currency, while the U.S Dollar is the base currency. The USD/RON currency pair shows traders how much the USD is valued compared to the RON.
What moves the USD/RON pair?
The USD/RON pair is impacted by major factors such as supply and demand, interest rates, political stability, economic outlook and others.
Additionally, the RON is very sensitive to monetary policy decisions. Romania is scheduled to adopt the Euro by 2024, which can prove a turning point for the country's economy.
How can you trade the USD/RON currency pair?
At CAPEX.com, you can follow the USD/RON chart and trade on the price shifts of this emerging currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
Here at CAPEX.com, you can trade the USD/RON pair from Monday to Friday, between 08:20-12:55 GMT.