At 16:30 Beirut time, the Euro was quoted at €/$ 1.0844, the equivalent of €/LBP 1,634.73, depreciating against the US Dollar by 0.61%.
The Dollar appreciated against the Euro after the US Federal Reserve announced its 25 basis point-hike in interest rates.
Locally, the Lebanese Pound steadied versus the Dollar 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 0.71% to 173.64 points today.