At 10:00 am Beirut time, the Euro was quoted at €/$ 1.1154, the equivalent of €/LBP 1,681.47, appreciating by 0.04% against the US Dollar. The euro went up against the dollar today as the results of the ECB’s meeting failed to trigger down the exchange rate. However, the U.K.’s European Union referendum coming up this month could have a greater impact on the shared currency.
Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound appreciated as reflected by the NEER, published by BLOMINVEST, which witnessed a 0.07% uptick to 167.14 points today.
Date: 03 June 2016