Estimated Exchange Rate Opportunities Generated by the COVID-19 Pandemic in Romania in 2020

DOI

10.2991/assehr.k.201105.071How to use a DOI?

Keywords

COVID-19 pandemic, exchange rate Euro (EUR) to Romanian Leu (RON), Exchange Rate Mechanism II (ERM II), Exchange rate stability

Abstract

The purpose of this study is to evaluate the impact of COVID-19 pandemic in Romania in 2020 over the estimated exchange rate and also identifies the magnitude of the depreciation of the national currency at the end of 2020. Appreciating the economic impact of this epidemic, as well as a worsening of the macroeconomic situation in Romania, accelerated starting with October 10, 2020, it is estimated that these negative effects will be felt until the end of 2020, when the EUR / RON exchange rate can reach the threshold of 4.9295 RON. In this fiscal context, international investors began to prefer investments in safer assets, such as gold, which recorded the highest price in the last 7 years.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - S. Ţălu
AU  - A.D. Nazarov
PY  - 2020
DA  - 2020/11/06
TI  - Estimated Exchange Rate Opportunities Generated by the COVID-19 Pandemic in Romania in 2020
BT  - Proceedings of the Research Technologies of Pandemic Coronavirus Impact (RTCOV 2020)
PB  - Atlantis Press
SP  - 397
EP  - 400
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201105.071
DO  - 10.2991/assehr.k.201105.071
ID  - Ţălu2020
ER  -