The Lone Voice

 
We analysed RON in NOV 05 and said, “Despite central bank interferences, we expect RON to test 3.0 levels before any pullbacks. This is a strengthening of about 14% from current levels. This is about 10% more than expected Dollar strengthening against Euro. This positivity will rub on the local stock markets as it remains attractive viz a viz its western counterparts. As we mentioned prior, all this turns out to be a benefit for consumers who borrow in Euro and save in RON. The lone voice did it again. After 13 months Bloomberg came with this news on Dec 11. 2006 – Romania’s leu surpassed all European currencies to become the world’s best performer this year and is poised for more gains because foreign investment may double as the former communist dictatorship enters the European Union. The lone voice always helps. It helps us understand stories before anybody does.