Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Injective

Injective to Romanian Leu Converter and calculator

Convert 1Injective (INJ) to Romanian Leu (RON) equals lei 113.84 | 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.

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

INJ to RON conversion rate trend

1D7D1M3M1YAll
In the past 1D, Injective has changed -7.76% to RON. Based on the trend and price charts, Injective(INJ) has changed -7.76% to RON while Romanian Leu(RON) has changed % to INJ in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
lei113.65
0.0001% / 0.0004%vip-iconVIP
Binance
lei113.69
0.1000% / 0.1000%
Yes
OKX
lei113.64
0.080% / 0.100%
Yes
Huobi
lei113.95
0.1000% / 0.1000%
Yes
Gate.io
lei113.68
0.1000% / 0.1000%
Yes
Bybit
lei113.66
0.1000% / 0.1000%
Yes
KuCoin
lei113.62
0.1000% / 0.1000%
Yes
Bitfinex
lei115.06
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 13:00:28(UTC+0)

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

Injective to Romanian Leu is falling this week.
Injective's current market price is lei 113.84 per INJ, with a total market cap of lei 10,632,893,747.46 RON based on a circulating supply of 93,400,000 INJ. The trading volume of Injective has changed by +2.28% (lei 22,792,274.29 RON) in the last 24 hours. Last trading day, INJ's trading volume was lei 997,561,024.5.
Market cap
$2.27B
24h volume
$217.91M
Circulating supply
93.40M INJ

Conversion tables

The exchange rate of Injective is decreasing.
1 INJ is currently valued at lei 113.84 RON , which means buying 5 INJ will cost lei 569.21 RON . Similarly, lei1 RON can be traded for 0.008784 INJ, and lei50 RON can be converted to 0.4392 INJ, excluding any platform or gas fees.
The exchange rate of 1 INJ to Romanian Leu has changed by -29.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by -7.76%, reaching a high of 125.46 RON and a low of 109.86 RON . One month ago, the value of 1 INJ was lei 194.23 RON , which represents a -41.39% change from its current value. Over the last year, Injective has changed by
+lei
22.93RON
, resulting in a change of +158.20% in its value.

INJ to RON

Amount
13:00 today
0.5 INJ
lei56.92
1 INJ
lei113.84
5 INJ
lei569.21
10 INJ
lei1,138.43
50 INJ
lei5,692.13
100 INJ
lei11,384.25
500 INJ
lei56,921.27
1000 INJ
lei113,842.55

RON to INJ

Amount13:00 today
0.5RON0.004392  INJ
1RON0.008784  INJ
5RON0.04392  INJ
10RON0.08784  INJ
50RON0.4392  INJ
100RON0.8784  INJ
500RON4.39  INJ
1000RON8.78  INJ
share

Today vs. 24 hours ago

Amount13:00 today24 hours ago24h change
0.5 INJ$12.16$13.18
-7.76%
1 INJ$24.31$26.36
-7.76%
5 INJ$121.56$131.79
-7.76%
10 INJ$243.13$263.58
-7.76%
50 INJ$1,215.64$1,317.9
-7.76%
100 INJ$2,431.29$2,635.8
-7.76%
500 INJ$12,156.43$13,179.01
-7.76%
1000 INJ$24,312.86$26,358.02
-7.76%

Today vs. 1 month ago

Amount13:00 today1 month ago1M change
0.5 INJ$12.16$20.74
-41.39%
1 INJ$24.31$41.48
-41.39%
5 INJ$121.56$207.4
-41.39%
10 INJ$243.13$414.81
-41.39%
50 INJ$1,215.64$2,074.03
-41.39%
100 INJ$2,431.29$4,148.06
-41.39%
500 INJ$12,156.43$20,740.28
-41.39%
1000 INJ$24,312.86$41,480.56
-41.39%

Today vs. 1 year ago

Amount13:00 today1 year ago1Y change
0.5 INJ$12.16$4.71
+158.20%
1 INJ$24.31$9.42
+158.20%
5 INJ$121.56$47.08
+158.20%
10 INJ$243.13$94.17
+158.20%
50 INJ$1,215.64$470.84
+158.20%
100 INJ$2,431.29$941.68
+158.20%
500 INJ$12,156.43$4,708.42
+158.20%
1000 INJ$24,312.86$9,416.84
+158.20%

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.