Euro Appreciated Against the Dollar on Thursday
At 11:30 Beirut time, the Euro was quoted at $/€ 1.1240the equivalent of €/LBP 1,694.43, appreciating against the US Dollar by 0.12% from yesterday’s close.
Upcoming data from Non-Farm Payrolls (NFP) in the United States as well as the awaited Draghi’s statement related to the ECB policy measures, may affect the Euro/Dollar exchange rate .
Locally, the Lebanese Pound steadied versus the Dollar at a quote of LP/$ 1,506-1,510 with a mid-price of LP/$ 1,508.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound improved as reflected by the NEER, published by BLOMINVEST, which added 0.11% to 166.76 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,508.00 | 1,508.00 | – | |
| €/LBP | 1,694.43 | 1,692.32 | 0.12% | |
| £/LBP | 2,299.84 | 2,306.32 | -0.28% | |
| NEER | 166.76 | 166.57 | 0.11% | 13.19% |
