Euro Continued Its Downward Drift on Tuesday

At 15:00 Beirut time, the Euro was quoted at €/$ 1.0664, the equivalent of €/LBP 1,607.60, depreciating against the US Dollar by 0.21% from Monday’s close.

Euro seemed to continue its downward movement against the Dollar as negative investors’ sentiment is still prominent following the attacks in Paris.

Locally, the Lebanese Pound steadied versus the Dollar at $/LP 1,510.5-1,514.5 with a mid-price of $/LP 1,512.5.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound strengthened as reflected by the NEER, published by BLOMINVEST, which ticked up by 0.13% to 168.97 today.

Foreign Exchange MarketLast PricePrevious% ChangeY-t-D
$/LBP1,512.501,512.50 – 
€/LBP1,607.601,610.91-0.21% 
£/LBP2,292.302,291.700.03% 
 NEER168.97168.750.13%14.69%

 

 

 

 

 

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