At 10:45 Beirut time, the Euro was quoted at €/$ 1.1318, the equivalent of €/LBP 1,706.19, appreciating by 0.11% against the US Dollar. The euro gathered some of its strength against the dollar today following better than expected U.S retail sales data on Friday, which gave a strong push to the dollar over the weekend.
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 appreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.06% uptick to 166.65 points today.
Date: 16 May 2016