About Eur-Ron and Eur-Ron Trading
What type of currency pair is EUR/RON?
The EUR/RON is a minor currency pair, as it consists of a major currency (EUR – the Euro) and an emerging currency (RON – the Romanian Leu).
The Romanian Leu is the quote currency, and the Euro is the base currency. The EUR/RON currency pair shows traders how much the EUR is worth when compared to the RON.
Drivers for the EUR/RON currency pair
The EUR/RON pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
Romania will adopt the EUR by 2024, so any changes to Eurozone's currency could impact the EUR/RON price. Additionally, the RON is very sensitive to monetary policy decisions.
How can you trade the EUR/RON currency pair?
At CAPEX.com you can follow the EUR/RON chart to trade on the price movements of this 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).
When can you trade the EUR/RON pair?
Here at CAPEX.com you can trade the EUR/RON pair from Monday to Friday, between 08:20-12:55 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.