At 12:00 Beirut time, the Euro was quoted at €/$ 1.0578, the equivalent of €/LBP 1,594.63, depreciating against the US Dollar by 0.15%.
The euro continued its fall against the dollar, ahead of the European Central Bank’s Press Conference on Thursday, which will reveal whether more quantitative easing would take place.
Locally, the Lebanese Pound steadied versus the Dollar steadied at a quote of $/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 increased as reflected by the NEER, published by BLOMINVEST, which gained 0.07% to 169.48 points today.
| ||Last Price||Previous||% Change||Y-t-D|
|NEER|| 169.48|| 169.36||0.07%||15.03%|