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About this currency pair
Moldovan Leu (MDL) — the currency of Moldova
The Moldovan leu was introduced after Moldova left the Soviet ruble zone, making MDL a post-independence currency. The Moldovan Leu is the currency used in Moldova, where it appears in local prices, salaries, public fees, bank accounts and business invoices. It often appears in travel spending, regional trade, energy or goods imports, remittances and comparisons with EUR, USD or neighboring currencies. The name is part of a Balkan and Eastern European monetary tradition, making regional context useful in conversions.
Euro (EUR) — the shared currency of the eurozone
The euro is the shared currency of the eurozone, used across many European economies rather than a single country. It was introduced for accounting and electronic payments in 1999 and euro cash followed in 2002, making it a common reference for travel, online shopping, invoices, salaries, savings and cross-border business inside Europe. It is also one of the main currencies followed in global foreign-exchange markets.