According to the Bank of Albania’s fixed rate, the Euro depreciated by 0.11 lek against Lek compared to a day ago in the domestic market and was traded at 104.42 Lek on Friday,

The U.S. Dollar was exchanged at 97.84 Lek, slightly up by 0.06 points compared to a day ago.

The Great Britain’s Pound also depreciated by 0.67 points and was exchanged at 119.47 Lek.

The Swiss Franc was traded at 108.49 Lek or 0.11 Lek less than on Thursday.

Economy experts think that the continued depreciation of the leading currencies during this period is the result of a very high foreign currency offer in the local market.

/r.e/u.sh/

According to the Bank of Albania’s fixed exchange rates, one U.S. Dollar was traded at 99.84 lek, down by 0.21 points compared to a day ago.

The Euro was slightly depreciated by 0.03 lek and it was exchanged at 105.63 lek.

British pound weakened by 0.38 lek and was traded at 121.05 lek.

Swiss Franc was also depreciated by 0.71 points compared to a day ago and it was exchanged at 110.53 lek.

/u.sh/

According to the Bank of Albania’s fixed exchange rates, one U.S. Dollar was traded at 99.88 lek on Wednesday,  up by 0.24 lek compared with a day ago.

Europe’s single currency Euro also strengthened and was exchanged at 105.92 lek or 0.29 lek more than a day ago.

British Pound was also appreciated by 0.43 lek and was traded at 122.64 lek, whereas Swiss Franc was exchanged at 110.66 lek or 0.54 lek more than on Tuesday.

/u.sh/

At the end of the first half of the year, one euro was traded at 106.4 lek, showing that Albanian currency recorded an appreciation by 7% compared to the same period of the previous year and by 11% compared to the previous year.

The Bank of Albania says that lek appreciation accelerated at the end of first six months of 2023, with its value increasing by 3% in the domestic exchange market in June alone.

Central bank data show that the national currency has also recorded relatively significant appreciation against the U.S. dollar.

A U.S. dollar was exchanged at 99.1 lek in the end of June, showing appreciation of the national currency by 9% compared to the same period of 2022 and 13% compared to the previous year.

During this period, the central bank has kept holding auctions to purchase euro according to a calendar and in a bid to increase the foreign exchange reserve, estimating that the exchange rate fluctuations are within the central bank’s projections.

/u.sh/

According to the Bank of Albania’s fixed exchange rates, one U.S. Dollar was traded at 96.20 lek on Wednesday, up by 0.70 lek compared with a day ago.

Europe’s single currency Euro strengthened and was exchanged at 105.09 lek or 0.76 lek more than a day ago.

British Pound was also appreciated by 1.33 lek and was traded at 122.72 lek.

/u.sh/

According to central bank fixed exchange rate, the U.S. Dollar went up by 0.25 lek and was traded  at 102.71 lek, whereas Europe’s single currency, the Euro was exchanged at 111.89 lek or 0.58 lek more than a day ago.

The Great Britain Pound also appreciated by 0.83 lek and was traded at 128.75 lek, whereas the Swiss Franc appreciated by 0.86 lek and was traded at 115.11 lek.

Almost all foreign currencies strengthened against Albanian currency on Tuesday.

/u.sh/

According to the BoA, the increase in interest rates on foreign currency deposits is one of the factors attracting emigrants savings.

Meanwhile another factor contributing to the growth of foreign currency deposits is the improvement of economic activity and the increase of public investment that has affected the increase of business liquidity. //a.i/