Romania Rent Euro

[retired_member6]

As you know I've been up and down with things for three months but just settling back in, I've found my rent in romania, which is pegged to the euro at 500 a month, has risen sharply to £360 a month from £340 when I moved here in March - I didn't notice. For some reason they peg their property to the euro and not their own currency, Lei Ron.

And I just found out that a lot of workers get paid in euro negotiated salaries as well, weird eh? So I'm thinking, is it just going to get worse for me here? any economists on board? I aint getting buggered on the rent just because the pound is rubbish and dipping against the euro. Imagine if the lei performs so well with the euro that I have to pay £400 in sterling for the same price, it aint right.

I don't even know how it's working, here's the figures

March: £335 / 500 euros / 1500 Lei Ron
November: £360 / 500 euros / 1725 Lei Ron

What's happening? Romanian property market pegged to the euro but paid in equivalent Lei Ron, what's happening, sterling rubbish or romanian economy booming against British equivalent? what's the forecast? in six months i'm paying £400 sterling, how do I figure that out?

If I was paying in local currency, then the sterling rate would be about the same, the euro denominator is the one stealing my money.

 

[retired_member6]

Is the lei against sterling stable and the lei against euro rising and that's where i'm getting buggered? How do I find out if the lei is going to fall against the euro?