FX forecast for May 15

The volume of transactions in Moldova fell following the lower remittances and, respectively, the lower consumption and this is felt on the market, Financial Brains director Sveatoslav Mihalache has told Info-Prim Neo. But the US dollar continues to trade “stably and evenly” on the interbank market at rates ranging from 1.25 – 1.27 lei as during the last few days. The currency exchange facilities will buy dollars for 11.16 – 11.18 lei and sell for 11.26 – 11.28 lei. On the world markets, the euro yesterday traded at $1.3500 to $1.3620, but rose during the night to a record level of $1.3645. Thus, the technical indicators are now divergent and this makes it difficult to forecast the further development of the European common currency, Mihalache said. If the $1.3737 barrier is passed, the euro could come closer to $1.39, which is 15.63 Moldovan lei. Or, if the euro reaches the support mark of $1.3480, the rate will be 15.10 lei. The divergences will fade away during the day and the course for the euro will become clearer, Mihalache considers. Today, the currency exchange facilities will buy euro for 15.15 – 15.20 lei and sell for 15.30 – 15.35 lei. To follow the developments of the main currency pairs throughout the day, visit www.fb.md.