At 14:30 Beirut time, the Euro was quoted at €/$ 1.1109, the equivalent of €/LBP 1,674.68, appreciating by 0.04% against the US Dollar. The dollar fell against the euro today after economic data was released in the United States. Both U.S. wholesale prices and retail sales dropped by 0.2% and 0.1%, respectively.
Locally, the Dollar appreciated against the Lebanese Pound from $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514 to a quote of $/LP 1,514-1,514.25 with a mid-price of $/LP 1,514.13.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound appreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.09% uptick to 167.95 points today.
Date: 15 March 2016