At 12:30 Beirut time, the Euro was quoted at €/$ 1.0916, the equivalent of €/LBP 1,652.37, depreciating against the US Dollar by 0.05% from Tuesday’s close.
The Euro remained relatively stable against the Dollar today as no big economic data had been released from either the U.S. or Europe. Awaited U.S. ADP figures (Automatic Data Processing), one of largest payroll outsourcing providers in the world, might affect Euro/Dollar exchange rate.
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 improved as reflected by the NEER, published by BLOMINVEST, which ticked up by 0.11% to 167.67 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,512.00 | 1,512.00 | – | |
| €/LBP | 1,652.37 | 1,653.12 | -0.05% | |
| £/LBP | 2,324.26 | 2,324.26 | – | |
| NEER | 167.67 | 167.49 | 0.11% | 13.81% |