Dollar Appreciated vs the Euro on Friday

At 16:30 Beirut time, the Euro was quoted at €/$ 1.0732, the equivalent of €/LBP 1,617.85, depreciating against the US Dollar by 0.79% from Thursday’s close.

Mario Draghi’s speech signaling a probable extension in the Quantitative Easing program in early December supported the Dollar at the expense of the Euro today.

Locally, the Lebanese Pound depreciated versus the Dollar from $/LP 1,510-1,514 with a mid-price of $/LP 1,512 to $/LP 1,510.5-1,514.5 with a mid-price of $/LP 1,512.5.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound stagnated as reflected by the NEER, published by BLOMINVEST, which remained at 168.50 today.

Foreign Exchange MarketLast PricePrevious ChangeY-t-D
 NEER168.50168.50 –14.37%





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