News about Exchange rate
International rating agency Fitch Ratings forecasts Moldova’s GDP growth in 2026-2027 at an average of 3%, given improving external reserve buffers and the authorities’ macroeconomic policies, which mitigate the risks of energy shocks, the agency said in a commentary published on Tuesday after Chisinau agreed a non-financial cooperation program with the IMF.
Uzbekistan, one of the world’s largest gold producers, resumed full-scale gold exports in April after a six-month hiatus.
The dollar, considered a defensive asset, is gaining ground amid renewed investor concerns. Negotiations are progressing, but a deal is not expected anytime soon. The dollar stabilized on Tuesday amid expectations of the reopening of the Strait of Hormuz and an end to the conflict with Iran. However, new U.S. strikes on Iranian facilities and statements about a long negotiation process cooled market optimism.
On the COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $4,598.35 per troy ounce, up 0.92% at the time of this commentary.
The dollar fell on Monday as rising hopes led to lower yields and increased risk appetite. The weakening dollar and rising risk appetite was driven by recent news of progress in the US-Iran peace agreement, lower geopolitical tensions and falling oil prices, which reduced expectations of prolonged inflation.
Despite the statements of some experts that money transfers from abroad to Moldova are decreasing, the statistics show the opposite.
Experts have analyzed the situation in the market and told how it may change in the coming week.
Turkey’s state-owned banks were forced to make large-scale currency interventions following a court ruling against a Turkish opposition leader, and the stock market collapsed 6.1 percent in a short time.
In April 2026, the net demand of economic agents (legal entities) for foreign currency in Moldova was covered by the net supply from individuals by 80.5%. This indicator shows a decrease compared to March, when the level of coverage amounted to 92.0%. The main indicators and tendencies of the foreign exchange market, according to the official reports of the National Bank of Moldova (NBM), were formed under the influence of business activity recovery and servicing of external liabilities.
The drop in Arabica prices continues for the second month in a row. Since the beginning of May, coffee has fallen in price by 7.7%, and in April the decline amounted to 4.3%. Earlier this month, the cost has already broken through the psychological mark of 6 thousand dollars per ton – it happened for the first time since November 14, 2024. However, after that the market corrected upward a bit.
The Russian ruble has become the leader in strengthening against the dollar among world currencies in the current quarter.
“The Governor of the National Bank of the Republic of Moldova, Anca Dragu, told us about her career in national and European institutions, the concrete impact of Moldova’s accession to SEPA, the role of women in leadership positions and the European stakes for Moldova. She said that the professional path is built step by step, that public decisions must be taken with responsibility and that the Republic of Moldova “belongs” to the European Union.
Bank holding Goldman Sachs forecast gold prices to rise to $5,400 per troy ounce by the end of 2026. The main driver is the increasing demand from central banks, which turned out to be much higher than previous estimates.
Bitcoin slipped below $77,000 on Monday, extending its weekend decline as rising global bond yields and oil prices amid the escalating situation around Iran suppressed investor interest in risky assets.
On Friday, the Romanian leu weakened by 0.2% to 5.2035 per euro ahead of the central bank’s interest rate decision, which took place on the same day but later. This fall was due to investors’ concerns about the central bank’s further policy and the tense economic situation.
Prime Minister Narendra Modi’s calls to cut fuel consumption and stop buying gold have heightened nervousness in India’s financial markets, raising fears the government may revert to tight import restrictions amid mounting pressure over the energy crisis.
Experts have assessed the cryptocurrency’s chance of growth through the summer.
On Wednesday, the dollar held near a one-week high despite increased uncertainty in the Middle East. Traders analyzed data on inflation in the US, which turned out to be higher than forecasts. Over the past 12 months ending in April, the U.S. consumer price index (CPI) rose 3.8%, the largest annual increase since May 2023. This increase was driven by the oil crisis, which put pressure on prices.
According to the National Bank of Moldova (NBM), the official reserve assets at the end of April 2026 amounted to 5,209.83 million euros, decreasing by 56.71 million euros year-on-year. The main factors for the decrease were the depreciation of the dollar against the euro (40.69 million euros) and payments for servicing the external public debt (21.53 million euros).
The National Bank of Moldova and the Central Bank of Norway became the first central banks in Europe to raise interest rates after the outbreak of conflict in the Middle East.
