The strong lead for far-right candidate George Simion in Romania’s presidential election, and the collapse of the coalition government last week, led to the largest one-week fall in the leu since 2009. We estimate that the exchange rate is still overvalued by around 15% based on Romania’s macro fundamentals, which suggests that the currency could still fall a lot further.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services