BanFirst | Romania Feed

Trump’s 25% threatened tariffs on EU products risk to pummel the local economy as the US is Romania’s second largest trade partner after UK, reveals an analysis by iBanFirst, a leading global provider of foreign exchange and international payments.

High volatility, rising global trade tensions, US dollar strength and a stable EUR/RON exchange rate are several forex market tendencies in 2025, assessed by iBanFirst, a leading global provider of foreign exchange and international payments.

The exchange rate has a short-term upward potential, with a target of RON5 to the euro, which is largely driven by lower bond yields, driving investors to put tactical bets on the euro in hopes of short-term gains, according to analysts of iBanFirst, a leading global provider of foreign exchange and international payments, operating in 10 European countries.

In its 2024 Foreign Exchange Market Outlook released this week, iBanFirst provides Romanian companies, especially those doing international payments, with an overview of key trends for the upcoming year, helping them shape their currency risk management strategy for 2024.

Global financial services provider iBanFirst today announced the acquisition of the London-based FX provider, Cornhill.   This acquisition builds on iBanFirst’s June 2021 partnership with investor Marlin Equity Partners and its ambition to accelerate its international expansion, strengthen its partnerships, and cement its market leadership across Europe. The acquisition of London-based FX provider Cornhill, which […]

The conflict in Ukraine is impacting the way Romanian companies, especially those involved in international trade, do business during this period, with the number of firms resorting to risk management services being on the rise, according to iBanFirst representatives.