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base info Dai

Dai to Romanian Leu Converter and calculator

Convert 1Dai (DAI) to Romanian Leu (RON) equals lei 4.67 | Bitget

RON 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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Bitget crypto-to-fiat exchange data shows that the most popular Dai currency pair is the DAI to RON, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for RON.

DAI to RON conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.00% to RON. Based on the trend and price charts, Dai(DAI) has changed +0.00% to RON while Romanian Leu(RON) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
lei4.67
0.0001% / 0.0004%vip-iconVIP
Kraken
lei4.66
0.1000% / 0.1000%
Yes
OKX
lei4.67
0.080% / 0.100%
Yes
Huobi
lei4.67
0.1000% / 0.1000%
Yes
Gate.io
lei4.67
0.1000% / 0.1000%
Yes
Bybit
lei4.67
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 02:00:29(UTC+0)

What factors influence the conversion rate of Dai to Romanian Leu?

Dai to Romanian Leu is falling this week.
Dai's current market price is lei 4.67 per DAI, with a total market cap of lei 24,998,462,907.16 RON based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -42.08% (lei -1,377,569,281.60 RON) in the last 24 hours. Last trading day, DAI's trading volume was lei 3,273,745,717.25.
Market cap
$5.35B
24h volume
$405.65M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at lei 4.67 RON , which means buying 5 DAI will cost lei 23.37 RON . Similarly, lei1 RON can be traded for 0.2139 DAI, and lei50 RON can be converted to 10.7 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Romanian Leu has changed by -0.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.00%, reaching a high of 4.68 RON and a low of 4.67 RON . One month ago, the value of 1 DAI was lei 4.67 RON , which represents a +0.02% change from its current value. Over the last year, Dai has changed by
+lei
0.006498RON
, resulting in a change of +0.14% in its value.

DAI to RON

Amount
02:59 am today
0.5 DAI
lei2.34
1 DAI
lei4.67
5 DAI
lei23.37
10 DAI
lei46.74
50 DAI
lei233.72
100 DAI
lei467.45
500 DAI
lei2,337.23
1000 DAI
lei4,674.45

RON to DAI

Amount02:59 am today
0.5RON0.1070  DAI
1RON0.2139  DAI
5RON1.07  DAI
10RON2.14  DAI
50RON10.7  DAI
100RON21.39  DAI
500RON106.96  DAI
1000RON213.93  DAI
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Today vs. 24 hours ago

Amount02:59 am today24 hours ago24h change
0.5 DAI$0.5000$0.5000
+0.00%
1 DAI$1$1.0000
+0.00%
5 DAI$5$5
+0.00%
10 DAI$10$10
+0.00%
50 DAI$50$50
+0.00%
100 DAI$100$100
+0.00%
500 DAI$500.01$499.99
+0.00%
1000 DAI$1,000.01$999.98
+0.00%

Today vs. 1 month ago

Amount02:59 am today1 month ago1M change
0.5 DAI$0.5000$0.4999
+0.02%
1 DAI$1$0.9998
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50$49.99
+0.02%
100 DAI$100$99.98
+0.02%
500 DAI$500.01$499.91
+0.02%
1000 DAI$1,000.01$999.82
+0.02%

Today vs. 1 year ago

Amount02:59 am today1 year ago1Y change
0.5 DAI$0.5000$0.4993
+0.14%
1 DAI$1$0.9986
+0.14%
5 DAI$5$4.99
+0.14%
10 DAI$10$9.99
+0.14%
50 DAI$50$49.93
+0.14%
100 DAI$100$99.86
+0.14%
500 DAI$500.01$499.31
+0.14%
1000 DAI$1,000.01$998.62
+0.14%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.