At 16:30 Beirut time, the Euro was quoted at €/$ 1.0773, the equivalent of €/LBP 1,624.03, appreciating against the US Dollar by 0.28% from Wednesday’s close.
Despite Mario Draghi’s speech today suggesting an extension in its Quantitative Easing program in early December, higher than expected jobless claims in the U.S. helped the Euro in outperforming the greenback today.
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 0.09% to 168.50 today.
| Foreign Exchange Market | Last Price | Previous | % Change | Y-t-D |
| $/LBP | 1,512.00 | 1,512.00 | – | |
| €/LBP | 1,624.03 | 1,619.51 | 0.28% | |
| £/LBP | 2,295.32 | 2,292.46 | 0.12% | |
| NEER | 168.50 | 168.65 | -0.09% | 14.37% |