Euro falling, touching the lowest level in a month against the Lek
The Lek is gaining ground this week in the exchange rate with the Euro. According to the official exchange rate of the Bank of Albania, the European currency was exchanged on Thursday at 106.23 ALL, down 0.7 ALL since the end of last week. The Euro-Lek exchange rate has fallen to its lowest level since August 22.
Most other currencies are also following the fall of the Euro. The British pound dropped to 122.54 ALL, the lowest level since mid-August. The Swiss franc dropped to 110.06 ALL, also at the lowest level in a month.
The American dollar remains below the level of 100 lek, but nevertheless on Thursday it recorded a slight increase and was exchanged for 99.67 lek.
The month of September is also confirming the strong position of the Lek in the foreign exchange rate. Although the peak tourist season has passed, the European currency has not achieved a sustained recovery. Between August 23 and 25, the Euro gained almost five points within three days, reaching the level of 110.67 ALL.
But, as has happened several other times this year, the strengthening of the Euro has turned out to be very short-term.