At 11:00 Beirut time, the Euro was quoted at €/$ 1.1126, the equivalent of €/LBP 1,677.24, appreciating by 0.11% against the US Dollar. The euro went up against the dollar today as the French economy grew by 0.6%, faster than originally estimated in the first quarter of 2016. As business investment grew 2.4% in Q1 2016, this figure denotes recovery signs in the second biggest economy of the Eurozone.
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 0.10% uptick to 167.17 points today.
Date: 30 May 2016