Namely, the changes up to hourly time frames show a potential for a movement of a couple of percentages. Since its introduction in , the Bitcoin has had a significant impact on the financial markets and on trading. Despite the scepticism related to BTC in the early years, it is now one of the most actively traded cryptocurrencies in the world. Bitcoin is a base or quoted currency in tens of currency pairs with a daily trading volume reaching tens of billions of pounds.
The supply and demand of the Bitcoin have a major influence on its price. The cost for mining Bitcoins also affects the value of BTC, in a way that higher costs would imply that BTC value should increase or mining would be unprofitable. The number and strength of competitive cryptocurrencies and the number of currency exchanges which quote the BTC can positively or negatively impact the BTC value.
Moreover, different regulations and legal issues can affect the value as evident in the past. As its national currency, Romania uses the Romanian leu or lei for plural or RON which is subdivided into units called bani. The currency was first introduced in Overall, based on different social and economic factors, Romanian leu was introduced four times.
The last introduction took place in The RON exchange rate can be under pressure from economic, financial or monetary factors. The level of import and export can have a dramatic influence on the RON value. Demand and supply of the domestic currency by domestic and foreign entities is another factor which needs to be considered when analysing the movement of BTC to RON.
Traders should also watch things related to the Romanian economy and political situation. Also, traders should pay attention to the possibility that Romania may abandon its official currency and become part of the Eurozone by accepting the euro as its new currency.
Moreover, currencies coming from a transitional economy with a specific economic history can be influenced by psychological factors. Due to negative experience in the past, adverse conditions economic, political, etc may result in increased supply of the RON by the domestic entities in an attempt to convert their holdings in a more stable currency.
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The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Check live rates, send money securely, set rate alerts, receive notifications and more. Scan me! Over 70 million downloads worldwide. Convert Send Charts Alerts. Amount 1. BCH — Bitcoin Cash. RON — Romanian Leu. We use the mid-market rate for our Converter. This is for informational purposes only. Check send rates. Convert Bitcoin Cash to Romanian Leu.
Convert Romanian Leu to Bitcoin Cash. View full chart. High These are the highest points the exchange rate has been at in the last 30 and day periods.
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Despite the scepticism related to BTC in the early years, it is now one of the most actively traded cryptocurrencies in the world. Bitcoin is a base or quoted. 1 BTC to RON with result in table and chart. Price of Bitcoin in Romanian Leu using latest exchange rate of foreign currency and Bitcoin price. Historic Bitcoin Romanian leu ; 22 January , 1 BTC = RON ; 21 January , 1 BTC = RON ; 20 January , 1 BTC = RON ;