The Euro weakened versus the Dollar today, as it depreciated by 0.14% to 1.0969 at 11:30 Beirut time, after the US Federal Reserve left its key interest rate unchanged, although the overall tone of the statement indicated the Fed is one step closer to the rate hike.
Locally, the Lebanese Pound steadied versus the Dollar at LP/$ 1,504-1,508 with a mid-price of LP/$ 1,506.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound increased as reflected by the NEER, published by BLOMINVEST, which went up by 0.23% to 166.01 today.
| Foreign Exchange Market | Last Price | Previous | % Change | Y-t-D |
| $/LBP | 1,506.00 | 1,506.00 | – | |
| €/LBP | 1,653.58 | 1,655.84 | -0.14% | |
| £/LBP | 2,353.06 | 2,352.00 | 0.04% | |
| NEER**** | 66.01 | 165.64 | 0.23% | 12.69% |