At 15:32 am Beirut time, the Euro was quoted at €/$ 1.1259, the equivalent of €/LBP 1,697.29, appreciating by 0.09% against the US Dollar.
The dollar depreciated against the Euro today, as investors ruled out an increase in interest rates in the US.
Locally, the Dollar appreciated against the Lebanese Pound with the exchange rate moving from $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514 to $/LP 1,514-1,514.50 with a mid-price of $/LP 1,514.25.
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 witnessed a 0.15% uptick to 166.44 points today.
Date: 13 June 2016 