TIRANA, Aug 24 /ATA/ – The Europe’s single currency slightly depreciated, whereas the U.S. Dollar kept strengthening against Albania’s national currency over this week, data from the Bank of Albania showed on Saturday.
Data from the central bank’s fixed exchange rate showed that the Euro was traded at 121.09 Lek, slightly depreciating by 0.06 lek, and the U.S. Dollar was exchanged at 109.35 Lek, up by 0.09 Lek compared to the last week’s exchange rate.
The value of the Albanian currency (lek) against foreign currencies is freely determined in the foreign exchange market. Exchange rate fluctuations reflect the free movement of goods and capital and the financial transactions of Albania with its trading partner.
The Bank of Albania may carry out operations in the foreign exchange market without affecting the free exchange rate regime, in order to adjust the exchange rate to the level determined by key macroeconomic factors, avoid disruptions and increase or decrease the foreign currency reserve.
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