Euro Appreciated vs the Dollar Today
At 16:30 Beirut time, the Euro was quoted at €/$ 1.0880, the equivalent of €/LBP 1,640.16, appreciating against the US Dollar by 0.17% from Wednesday’s close.
Despite the latest Non-Farm Payroll (NFP) expected to be positive on Friday, the Dollar dipped today vs the Euro.
Locally, the Lebanese Pound steadied versus the Dollar at $/LP 1,510-1,514 with a mid-price of $/LP 1,512.
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 ticked up by 0.22% to 168.67 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,512.00 | 1,512.00 | – | |
| €/LBP | 1,640.16 | 1,637.45 | 0.17% | |
| £/LBP | 2,296.07 | 2,318.84 | -0.98% | |
| NEER | 168.04 | 167.67 | 0.22% | 14.06% |
