At 11:30 Beirut time, the Euro was quoted at $/€ 1.1437, the equivalent of €/LBP 1,724.13, depreciating against the US Dollar by 0.31% from Wednesday’s close.
Euro fell against versus the Dollar for the first time in the last 5 sessions, mainly on the back of the German ZEW monthly report, which provides an insight to the economic outlook of Germany for the next six months. It illustrated that economic sentiment fell to 1.9 points in October from 12.1 in September.
Locally, the Lebanese Pound steadied versus Dollar at LP/$ 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 0.23% to 165.80 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,512.00 | 1,512.00 | – | |
| €/LBP | 1,724.13 | 1,729.55 | -0.31% | |
| £/LBP | 2,331.65 | 2,332.55 | -0.04% | |
| NEER | 165.80 | 166.18 | -0.23% | 12.54% |