At 15:30 Beirut time, the Euro was quoted at $/€ 1.1241, the equivalent of €/LBP 1,694.58, depreciating against the US Dollar by 0.24% from Tuesday’s close.
Despite waiting for a decisive action from the Federal Reserve regarding when interest rates will be hiked, the Euro fell short against the Dollar following two days of bullish movement from the single European currency.
Locally, the Lebanese Pound steadied versus Dollar at LP/$ 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 0.18% to 166.65 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,512.00 | 1,512.00 | – | |
| €/LBP | 1,694.58 | 1,698.65 | -0.24% | |
| £/LBP | 2,307.23 | 2,294.57 | 0.55% | |
| NEER | 166.65 | 166.95 | -0.18% | 13.11% |