After a week of growth, the exchange rate between Euro and Lek has marked a sharp drop.

According to the official exchange rate of the Bank of Albania, the European currency was exchanged today for 102.87 lek.

Unlike a week ago, where the euro was exchanged for 105 lek, today it has fallen by almost three lek.

The fall in Euro exchange rate has been reflected in similar proportions in the exchange rate of other main currencies. The American dollar was exchanged at 93.22 lek, down 3.33 lek compared to the end of last week. The British pound was exchanged at 119.8 lek, down 3.92 lek from a week ago.

It seems that the strengthening of the local currency is having a negative effect on the exporting sectors of the economy, on business, tourism, but also on the fashion sector.

Also, the strengthening of the Lek is making imports cheaper, causing Albania to have lower inflation compared to other countries in the region.