At 12:00 Beirut time, the Euro was quoted at €/$ 1.1395, the equivalent of €/LBP 1,717.80, appreciating by 0.12% against the US Dollar. The U.S currency fell against the euro today as investors are still discouraged by the FED’s decision to take a slower path in rising interest rates.
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 0.18% drop to 166.23 points today.
Date: 1 April 2016