At 11:30 Beirut time, the Euro was quoted at $/€ 1.1158, the equivalent of €/LBP 1,682.07, depreciating against the US Dollar by 0.18% from Wednesday’s close.
Euro kept its bearish path versus the Dollar on the back of some lower than expected German figures and higher ADP (Automatic Data Processing) in the U.S. In details, German retailers’ data dropped in August, while the latest U.S. ADP figures, one of largest payroll outsourcing providers in the world, illustrated that 200,000 jobs were added in September 2015, up from the 180,000 recorded in the previous month.
Locally, the Lebanese Pound steadied versus Dollar at LP/$ 1,509-1,513 with a mid-price of LP/$ 1,511.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound slightly improved as reflected by the NEER, published by BLOMINVEST, which ticked up by 0.08% to 167.36 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,511.00 | 1,511.00 | – | |
| €/LBP | 1,682.07 | 1,685.08 | -0.18% | |
| £/LBP | 2,283.11 | 2,280.70 | 0.11% | |
| NEER | 167.36 | 167.22 | 0.08% | 13.60% |