Euro rates still remain stable in the currency market compared to Albanian Lek, even with the coming of emigrants and foreign tourists during this summer season. Euro strengthened considerably against the ALL.
According to the official rate of Bank of Albania in the currency exchange market 1 EUR exchanges with 139 ALL, a value considered as relatively high versus to a local currency as Albanian Lek.
This trend is seen especially in recent years when a number of countries were touched by the world crisis and remittances decreased more and more. Throughout the summer, euro remained at a fairly high level compared to Albanian Lek, by having a continuous growing trend.
Economic experts say that the Euro will remain in the same rates even in the upcoming months, and accoding to them, the European currency will strengthen against the ALL.
According to the Bank of Albania the euro has had a high level against ALL currency, so far and 1 euor has ranged from 140 to 139 ALL. With the end of summer season economic experts forecast 1 euro to exchange with 142 ALL.
News source: ATA
Photo credits: ATA