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Linear Finance to Romanian Leu Converter and calculator

Convert 1Linear Finance (LINA) to Romanian Leu (RON) equals lei 0.03687 | 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 Linear Finance(LINA) to Romanian Leu(RON). This is the real-time data. The current conversion shows 1 LINA at a value of 1 LINA for 0.04 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 Linear Finance currency pair is the LINA to RON, with for Linear Finance's currency code being LINA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for RON.

LINA to RON conversion rate trend

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In the past 1D, Linear Finance has changed -1.60% to RON. Based on the trend and price charts, Linear Finance(LINA) has changed -1.60% to RON while Romanian Leu(RON) has changed % to LINA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
lei0.03693
0.0001% / 0.0004%vip-iconVIP
Binance
lei0.03693
0.1000% / 0.1000%
Yes
Huobi
lei0.03700
0.1000% / 0.1000%
Yes
Gate.io
lei0.03690
0.1000% / 0.1000%
Yes
KuCoin
lei0.03689
0.1000% / 0.1000%
Yes
Last updated 2024/05/26 18:00:20(UTC+0)

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What factors influence the conversion rate of Linear Finance to Romanian Leu?

Linear Finance to Romanian Leu is rising this week.
Linear Finance's current market price is lei 0.03687 per LINA, with a total market cap of lei 229,744,962.75 RON based on a circulating supply of 6,230,626,000 LINA. The trading volume of Linear Finance has changed by -23.74% (lei -7,176,938.22 RON) in the last 24 hours. Last trading day, LINA's trading volume was lei 30,232,307.67.
Market cap
$50.09M
24h volume
$5.03M
Circulating supply
6.23B LINA

Conversion tables

The exchange rate of Linear Finance is decreasing.
1 LINA is currently valued at lei 0.03687 RON , which means buying 5 LINA will cost lei 0.1844 RON . Similarly, lei1 RON can be traded for 27.12 LINA, and lei50 RON can be converted to 1,355.99 LINA, excluding any platform or gas fees.
The exchange rate of 1 LINA to Romanian Leu has changed by +7.15% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.60%, reaching a high of 0.03781 RON and a low of 0.03647 RON . One month ago, the value of 1 LINA was lei 0.03806 RON , which represents a -3.13% change from its current value. Over the last year, Linear Finance has changed by
-lei
0.02131RON
, resulting in a change of -36.64% in its value.

LINA to RON

Amount
18:39 today
0.5 LINA
lei0.01844
1 LINA
lei0.03687
5 LINA
lei0.1844
10 LINA
lei0.3687
50 LINA
lei1.84
100 LINA
lei3.69
500 LINA
lei18.44
1000 LINA
lei36.87

RON to LINA

Amount18:39 today
0.5RON13.56  LINA
1RON27.12  LINA
5RON135.6  LINA
10RON271.2  LINA
50RON1,355.99  LINA
100RON2,711.97  LINA
500RON13,559.87  LINA
1000RON27,119.75  LINA
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Today vs. 24 hours ago

Amount18:39 today24 hours ago24h change
0.5 LINA$0.004020$0.004085
-1.60%
1 LINA$0.008040$0.008171
-1.60%
5 LINA$0.04020$0.04085
-1.60%
10 LINA$0.08040$0.08171
-1.60%
50 LINA$0.4020$0.4085
-1.60%
100 LINA$0.8040$0.8171
-1.60%
500 LINA$4.02$4.09
-1.60%
1000 LINA$8.04$8.17
-1.60%

Today vs. 1 month ago

Amount18:39 today1 month ago1M change
0.5 LINA$0.004020$0.004150
-3.13%
1 LINA$0.008040$0.008300
-3.13%
5 LINA$0.04020$0.04150
-3.13%
10 LINA$0.08040$0.08300
-3.13%
50 LINA$0.4020$0.4150
-3.13%
100 LINA$0.8040$0.8300
-3.13%
500 LINA$4.02$4.15
-3.13%
1000 LINA$8.04$8.3
-3.13%
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Today vs. 1 year ago

Amount18:39 today1 year ago1Y change
0.5 LINA$0.004020$0.006343
-36.64%
1 LINA$0.008040$0.01269
-36.64%
5 LINA$0.04020$0.06343
-36.64%
10 LINA$0.08040$0.1269
-36.64%
50 LINA$0.4020$0.6343
-36.64%
100 LINA$0.8040$1.27
-36.64%
500 LINA$4.02$6.34
-36.64%
1000 LINA$8.04$12.69
-36.64%

Linear Finance price prediction

What will the price of LINA be in 2025?

Based on LINA's historical price performance prediction model, the price of LINA is projected to reach $0.01353 in 2025.

What will the price of LINA be in 2030?

In 2030, the LINA price is expected to rise by -4.00%. By the end of 2030, the LINA price is projected to reach $0.01749, with a cumulative ROI of +117.53%.
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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.