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IOTA to Romanian Leu Converter and calculator

Convert 1IOTA (IOTA) to Romanian Leu (RON) equals lei 1.05 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of IOTA(IOTA) to Romanian Leu(RON). This is the real-time data. The current conversion shows 1 IOTA at a value of 1 IOTA for 1.05 RON . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 IOTA currency pair is the IOTA to RON, with for IOTA's currency code being IOTA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for RON.

IOTA to RON conversion rate trend

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In the past 1D, IOTA has changed +0.68% to RON. Based on the trend and price charts, IOTA(IOTA) has changed +0.68% to RON while Romanian Leu(RON) has changed % to IOTA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
lei1.05
0.0001% / 0.0004%vip-iconVIP
Binance
lei1.05
0.1000% / 0.1000%
Yes
OKX
lei1.05
0.080% / 0.100%
Yes
Huobi
lei1.1
0.1000% / 0.1000%
Yes
Gate.io
lei1.05
0.1000% / 0.1000%
Yes
KuCoin
lei1.05
0.1000% / 0.1000%
Yes
Last updated 2024/05/29 12:00:21(UTC+0)

How to buy IOTA

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Use a variety of payment options to buy IOTA on Bitget. We'll show you how.

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

IOTA to Romanian Leu is rising this week.
IOTA's current market price is lei 1.05 per IOTA, with a total market cap of lei 3,458,168,991.91 RON based on a circulating supply of 3,286,918,400 IOTA. The trading volume of IOTA has changed by -22.61% (lei -21,387,573.20 RON) in the last 24 hours. Last trading day, IOTA's trading volume was lei 94,608,906.37.
Market cap
$754.09M
24h volume
$15.97M
Circulating supply
3.29B IOTA

Conversion tables

The exchange rate of IOTA is increasing.
1 IOTA is currently valued at lei 1.05 RON , which means buying 5 IOTA will cost lei 5.26 RON . Similarly, lei1 RON can be traded for 0.9505 IOTA, and lei50 RON can be converted to 47.52 IOTA, excluding any platform or gas fees.
The exchange rate of 1 IOTA to Romanian Leu has changed by +1.17% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.68%, reaching a high of 1.07 RON and a low of 1.03 RON . One month ago, the value of 1 IOTA was lei 1.02 RON , which represents a +3.19% change from its current value. Over the last year, IOTA has changed by
+lei
0.05134RON
, resulting in a change of +5.13% in its value.

IOTA to RON

Amount
12:12 today
0.5 IOTA
lei0.5261
1 IOTA
lei1.05
5 IOTA
lei5.26
10 IOTA
lei10.52
50 IOTA
lei52.61
100 IOTA
lei105.21
500 IOTA
lei526.05
1000 IOTA
lei1,052.1

RON to IOTA

Amount12:12 today
0.5RON0.4752  IOTA
1RON0.9505  IOTA
5RON4.75  IOTA
10RON9.5  IOTA
50RON47.52  IOTA
100RON95.05  IOTA
500RON475.24  IOTA
1000RON950.48  IOTA
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Today vs. 24 hours ago

Amount12:12 today24 hours ago24h change
0.5 IOTA$0.1147$0.1139
+0.68%
1 IOTA$0.2294$0.2279
+0.68%
5 IOTA$1.15$1.14
+0.68%
10 IOTA$2.29$2.28
+0.68%
50 IOTA$11.47$11.39
+0.68%
100 IOTA$22.94$22.79
+0.68%
500 IOTA$114.71$113.93
+0.68%
1000 IOTA$229.42$227.87
+0.68%

Today vs. 1 month ago

Amount12:12 today1 month ago1M change
0.5 IOTA$0.1147$0.1112
+3.19%
1 IOTA$0.2294$0.2223
+3.19%
5 IOTA$1.15$1.11
+3.19%
10 IOTA$2.29$2.22
+3.19%
50 IOTA$11.47$11.12
+3.19%
100 IOTA$22.94$22.23
+3.19%
500 IOTA$114.71$111.16
+3.19%
1000 IOTA$229.42$222.32
+3.19%
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Today vs. 1 year ago

Amount12:12 today1 year ago1Y change
0.5 IOTA$0.1147$0.1091
+5.13%
1 IOTA$0.2294$0.2182
+5.13%
5 IOTA$1.15$1.09
+5.13%
10 IOTA$2.29$2.18
+5.13%
50 IOTA$11.47$10.91
+5.13%
100 IOTA$22.94$21.82
+5.13%
500 IOTA$114.71$109.11
+5.13%
1000 IOTA$229.42$218.23
+5.13%

IOTA price prediction

What will the price of IOTA be in 2025?

Based on IOTA's historical price performance prediction model, the price of IOTA is projected to reach $0.2885 in 2025.

What will the price of IOTA be in 2030?

In 2030, the IOTA price is expected to rise by -4.00%. By the end of 2030, the IOTA price is projected to reach $0.6509, with a cumulative ROI of +183.70%.
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between IOTA and RON.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as IOTA and RON. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of IOTA in RON, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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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.