The LBP/EUR pair shows how many Euros are needed to buy one Lebanese Pound, reflecting Lebanon's economic challenges against the Eurozone's stability.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Days without a quotation are not interpolated: the series keeps only observations that were actually received.
Compare several periods before a trip, an international transfer or a foreign-currency invoice. The average, minimum and maximum provide a quick reference, while the table enables a date-by-date check.
Couverture du au , en UTC.
| Date UTC | Rate | Change | Nature |
|---|---|---|---|
| 0,0000097 | -0.06% | Market | |
| 0,00000971 | +0.00% | Market | |
| 0,00000971 | +0.14% | Market | |
| 0,00000969 | -0.03% | Market | |
| 0,0000097 | -0.49% | Market | |
| 0,00000974 | — | Market |
The LBP/EUR currency pair represents the exchange rate between the Lebanese Pound (LBP), the official currency of Lebanon, and the Euro (EUR), the official currency of the Eurozone. This directed pair indicates how many Euros are required to purchase one Lebanese Pound. An appreciation of the LBP means that fewer Euros are needed to buy one Pound, which could benefit Lebanese importers of European goods but may hurt exporters. Conversely, a depreciation of the LBP makes Lebanese exports cheaper for Eurozone buyers. This pair is relevant for trade, tourism, and remittances between Lebanon and the Eurozone.
The structural drivers of LBP/EUR are heavily influenced by the contrasting monetary policies of the Banque du Liban (BDL) and the European Central Bank (ECB). The Lebanese economy has faced severe challenges, including high inflation, political instability, and a banking crisis, which have pressured the LBP. The Euro, on the other hand, is supported by the ECB's monetary policy, Eurozone economic growth, and inflation targets. Interest rate differentials, capital flows, and risk sentiment also play roles. Lebanon's reliance on imports and tourism, as well as its large diaspora sending remittances, affect demand for the LBP. Commodity prices and geopolitical tensions in the region can further influence the pair.
Over the past several years, the LBP has experienced significant depreciation against the Euro due to Lebanon's economic crisis, which began in 2019. The official peg was maintained but the parallel market rate diverged sharply. The Euro has generally remained stable relative to other major currencies, but the LBP's value has been subject to severe volatility. Without specific historical data, it is important to note that the LBP/EUR rate has been characterized by a long-term weakening trend of the Pound, punctuated by periods of acute stress. The future direction will depend on Lebanon's ability to implement reforms, secure international support, and stabilize its economy, while the Euro's path will be guided by ECB policy and Eurozone economic performance.
This analysis is provided for information only and is neither a forecast nor financial advice.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Displayed source: api.forex. Indicative values are used only as a visual fallback.