MALLARD to RON Converter and calculator

Conversion rates
Convert MALLARD to RON
Convert RON to MALLARD
MALLARD to RON chart
MALLARD to RON conversion data: Volatility and price changes of Mallard Fillmore in RON
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.{4}3099 RON | -- RON | -- RON | -- RON |
Low | 0.{4}1079 RON | -- RON | -- RON | -- RON |
Average | 0 RON | 0 RON | 0 RON | 0 RON |
Volatility | % | % | % | % |
Change | -0.65% | -- | -- | -- |
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Mallard Fillmore information
MALLARD to RON market statistics
Current MALLARD to RON exchange rate
Mallard Fillmore to Romanian Leu is falling this week.More info about Mallard Fillmore on Bitget
Romanian Leu information
About the Romanian Leu (RON)
What Is the Romanian Leu (RON)?
The Romanian Leu, abbreviated as RON and often denoted by the currency sign “lei”, is the official currency of Romania. It is subdivided into 100 smaller units known as bani. The term "leu" means "lion" in Romanian, reflecting its historical origins linked to the Dutch thaler (leeuwendaalder "lion thaler/dollar"). The Romanian Leu is the sole legal tender in Romania, and it is used for all transactions within the country.
The Romanian Leu is issued by the National Bank of Romania (Banca Națională a României), which is responsible for the country's monetary policy, including the issuance and regulation of its currency. The National Bank of Romania plays a crucial role in maintaining the stability and integrity of the Romanian financial system.
What Is the History of RON?
The Leu has undergone several transformations since its first introduction in 1867. The currency has experienced multiple revaluations, the most recent being in 2005, where 10,000 old lei (ROL) were exchanged for one new leu (RON). This change aimed to align the Romanian currency with Western European standards and improve the country's economic prospects.
Notes and Coins of RON
Romanian currency is available in both coins and banknotes. Frequently used coins include 5, 10, and 50 bani, while the banknotes in circulation are 1, 5, 10, 50, and 100 lei. The banknotes are known for their durability, made from a strong polymer material, making them indestructible.
Is RON Pegged to EUR?
No, the Romanian Leu (RON) is not pegged to the Euro. Romania, despite being a member of the European Union, has its own independent monetary policy, and the Leu operates on a floating exchange rate system. This means that the value of the Romanian Leu is determined by market forces, such as supply and demand in the foreign exchange market, rather than being directly linked or pegged to the Euro or any other currency.
Will Romania Adopt the Euro as Its Currency?
Romania has set a target to adopt the Euro by 2024. The country, a member of the European Union since 2007, has expressed intentions to join the Eurozone, which would involve replacing the Romanian Leu (RON) with the Euro. However, for a member state to adopt the Euro, it must meet certain convergence criteria, often referred to as the Maastricht criteria. Romania has been working towards meeting these criteria, but as of January 2024, it has not yet fulfilled all the necessary conditions.
Is RON a Stable Currency?
The Romanian Leu (RON) had demonstrated relative stability, especially in the context of its recent history. The exchange rates of the Leu against major currencies like the Euro and the British Pound had been fairly consistent, with the average exchange rate in 2023 hovering around 1 EUR to 4.9 RON and 1 GBP to 5.7 RON. This stability is indicative of Romania's growing economic resilience and effective monetary policies. While the Leu had experienced significant fluctuations in the past, particularly during the post-communist transition period, the National Bank of Romania's efforts in recent years have contributed to a more stable currency environment.
What Is the Difference Between ROL and RON?
In 2005, Romania underwent a significant currency reform, transitioning from the old Romanian leu (ROL) to the new Romanian leu (RON) through a process of redenomination. This change was introduced at a rate of 1 RON = 10,000 ROL, primarily to combat high inflation and simplify financial transactions. Along with this shift in value, the new leu featured updated banknotes and coins, distinct in design and enhanced with modern security features to prevent counterfeiting. This currency reform was a crucial part of broader economic reforms aimed at stabilizing the Romanian economy, reducing inflation, and facilitating closer integration with the European Union and international economic systems. During the transition, both currencies circulated simultaneously to ease the adaptation process. The change also included an update on the international currency symbol from ROL to RON, reflecting a new era in Romania's economic development.
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MALLARD to RON Conversion tables
Amount | 09:11 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MALLARD | lei0.{5}5394 | lei-- | -0.65% |
1 MALLARD | lei0.{4}1079 | lei-- | -0.65% |
5 MALLARD | lei0.{4}5394 | lei-- | -0.65% |
10 MALLARD | lei0.0001079 | lei-- | -0.65% |
50 MALLARD | lei0.0005394 | lei-- | -0.65% |
100 MALLARD | lei0.001079 | lei-- | -0.65% |
500 MALLARD | lei0.005394 | lei-- | -0.65% |
1000 MALLARD | lei0.01079 | lei-- | -0.65% |
MALLARD to RON FAQ
What factors influence the conversion rate of MALLARD to RON?
Popular exchange rates — Crypto-to-Fiat converter
The price of Mallard Fillmore in the US is $0.{5}2481 USD. Additionally, Mallard Fillmore’s price is €0.{5}2125 EUR in the eurozone, £0.{5}1858 GBP in the UK, C$0.{5}3460 CAD in Canada, ₹0.0002201 INR in India, ₨0.0007016 PKR in Pakistan, R$0.{4}1331 BRL in Brazil, and more.
The most popular Mallard Fillmore currency pair is the MALLARD to Romanian Leu(RON). The price of 1 Mallard Fillmore (MALLARD) in Romanian Leu (RON) is lei0.{4}1079.
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