TIRANA, October 18/ATA/- In the local foreign currency exchange market during the weekend, the European single currency strengthened significantly against the Albanian Lek compared with yesterday. While the USD depreciated by 0.20 ALL.
According to the official exchange rate provided by the Bank of Albania, one Euro is exchanged today with 123.84 ALL, or 0.06 ALL more than on Thursday, and the USD got exchanged with 111.37 ALL.
The Euro is currently trading at its highest level since April this year. During October, the euro gained more than 1.7 ALL against the domestic currency.
According to the market players, the high demand on the market for the Euro is the reason of strengthening of the Euro against the Lek. Likewise, they say that the market expectations for strengthening of the Euro (international market) have also got increased which has led to increased demand for foreign currency.
However, the fluctuations are within the expectations of the Bank of Albania and within the forecasts without deep impact on economic indicators.
Main Currency Albanian Lek per Foreign Currency Unit
US Dollar USD 111.37 -0.20
Euro EUR 123.84 +0.06 /p.s./
