At 11:30 Beirut time, the Euro was quoted at $/€ 1.1259, the equivalent of €/LBP 1,697.29, rising by 0.16% from Thursday’s close.
The dovish attitude from the last meeting of the Federal Reserve as to when interest rates would hike continued to be the focal point for investors which could have impacted the bullish trend of the Euro against the Dollar.
Locally, the Lebanese Pound appreciated versus the Dollar from LP/$ 1,504-1,508 with a mid-price of LP/$ 1,506 to LP/$ 1,503-1,507 with a mid-price of LP/$ 1,505.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound weakened as reflected by the NEER, published by BLOMINVEST, which ticked down by 0.23% to 166.47 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,505.00 | 1,506.00 | – | |
| €/LBP | 1,697.29 | 1,694.58 | 0.16% | |
| £/LBP | 2,368.89 | 2,364.82 | 0.17% | |
| NEER | 166.47 | 166.86 | -0.23% | 12.99% |