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VeChain to Romanian Leu Converter and calculator

Convert 1VeChain (VET) to Romanian Leu (RON) equals lei 0.1914 | 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 VeChain currency pair is the VET to RON, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for RON.

VET to RON conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed -11.69% to RON. Based on the trend and price charts, VeChain(VET) has changed -11.69% to RON while Romanian Leu(RON) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
lei0.1914
0.0001% / 0.0004%vip-iconVIP
Binance
lei0.1913
0.1000% / 0.1000%
Yes
Huobi
lei0.1914
0.1000% / 0.1000%
Yes
Gate.io
lei0.1920
0.1000% / 0.1000%
Yes
KuCoin
lei0.1913
0.1000% / 0.1000%
Yes
Bitfinex
lei0.1917
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 07:00:29(UTC+0)

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

VeChain to Romanian Leu is falling this week.
VeChain's current market price is lei 0.1914 per VET, with a total market cap of lei 13,915,496,470.83 RON based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by -20.81% (lei -193,211,942.82 RON) in the last 24 hours. Last trading day, VET's trading volume was lei 928,613,379.58.
Market cap
$2.97B
24h volume
$156.84M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is increasing.
1 VET is currently valued at lei 0.1914 RON , which means buying 5 VET will cost lei 0.9569 RON . Similarly, lei1 RON can be traded for 5.23 VET, and lei50 RON can be converted to 261.27 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Romanian Leu has changed by -10.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by -11.69%, reaching a high of 0.2171 RON and a low of 0.1826 RON . One month ago, the value of 1 VET was lei 0.1815 RON , which represents a +5.42% change from its current value. Over the last year, VeChain has changed by
+lei
0.07132RON
, resulting in a change of +59.41% in its value.

VET to RON

Amount
07:24 am today
0.5 VET
lei0.09569
1 VET
lei0.1914
5 VET
lei0.9569
10 VET
lei1.91
50 VET
lei9.57
100 VET
lei19.14
500 VET
lei95.69
1000 VET
lei191.37

RON to VET

Amount07:24 am today
0.5RON2.61  VET
1RON5.23  VET
5RON26.13  VET
10RON52.25  VET
50RON261.27  VET
100RON522.54  VET
500RON2,612.72  VET
1000RON5,225.43  VET
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Today vs. 24 hours ago

Amount07:24 am today24 hours ago24h change
0.5 VET$0.02041$0.02311
-11.69%
1 VET$0.04081$0.04622
-11.69%
5 VET$0.2041$0.2311
-11.69%
10 VET$0.4081$0.4622
-11.69%
50 VET$2.04$2.31
-11.69%
100 VET$4.08$4.62
-11.69%
500 VET$20.41$23.11
-11.69%
1000 VET$40.81$46.22
-11.69%

Today vs. 1 month ago

Amount07:24 am today1 month ago1M change
0.5 VET$0.02041$0.01936
+5.42%
1 VET$0.04081$0.03872
+5.42%
5 VET$0.2041$0.1936
+5.42%
10 VET$0.4081$0.3872
+5.42%
50 VET$2.04$1.94
+5.42%
100 VET$4.08$3.87
+5.42%
500 VET$20.41$19.36
+5.42%
1000 VET$40.81$38.72
+5.42%

Today vs. 1 year ago

Amount07:24 am today1 year ago1Y change
0.5 VET$0.02041$0.01280
+59.41%
1 VET$0.04081$0.02560
+59.41%
5 VET$0.2041$0.1280
+59.41%
10 VET$0.4081$0.2560
+59.41%
50 VET$2.04$1.28
+59.41%
100 VET$4.08$2.56
+59.41%
500 VET$20.41$12.8
+59.41%
1000 VET$40.81$25.6
+59.41%

FAQ

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