At 11:15 Beirut time, the Euro was quoted at €/$ 1.1330, the equivalent of €/LBP 1,708, appreciating by 0.36% against the US Dollar. The dollar fell against the euro today as the Federal Reserve Chair Janet Yellen confirmed yesterday that the pace of interest rates’ hike will not pick up.
Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound depreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.45% downtick to 166.48 points today.
Date: 30 March 2016