At 12:30 Beirut time, the Euro was quoted at €/$ 1.0748, the equivalent of €/LBP 1,620.26, appreciating against the US Dollar by 0.23% from Tuesday’s close.
The Euro losses were halted today but any future movement in the Euro/Dollar will depend on the upcoming speeches of the ECB president, Mario Draghi.
Locally, the Lebanese Pound steadied versus the Dollar at $/LP 1,510-1,514 with a mid-price of $/LP 1,512.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound declined as reflected by the NEER, published by BLOMINVEST, which ticked down by 0.11% to 168.65 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,512.00 | 1,512.00 | – | |
| €/LBP | 1,620.26 | 1,616.49 | 0.23% | |
| £/LBP | 2,282.96 | 2,278.74 | 0.19% | |
| NEER | 168.65 | 168.83 | -0.11% | 14.47% |