At 12:30 Beirut time, the Euro was quoted at €/$ 1.0732, the equivalent of €/LBP 1,617.85, depreciating against the US Dollar by 0.09% from Friday’s close.
The Dollar progressed vs the Euro today as non-farm payroll employment in the U.S. increased by 271,000 in October. According to the Bureau of Labor Statistics, the categories where job gains were recorded were:
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 0.37% to 168.82 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,512.00 | 1,512.00 | – | |
| €/LBP | 1,617.85 | 1,619.36 | -0.09% | |
| £/LBP | 2,270.75 | 2,268.64 | 0.09% | |
| NEER | 168.82 | 168.20 | 0.37% | 14.59% |