The increase in the euro-lek exchange rate that occurred on Wednesday has completely deflated and the rate has returned to near the lowest levels of 2024. According to the exchange rate of the Bank of Albania, the euro was exchanged on Friday at 102.87 lek, down strong for the second day in a row.

On Wednesday, the euro recorded the strongest growth since the summer of last year and jumped to the level of 104.63 ALL. However, as had been warned, this increase was not sustainable and in a few days the rate returned to previous levels.

The fall of the euro has been reflected, as usually happens, in the exchange rate of other currencies.

The American dollar has dropped to the level of 95.37 lek, from 96.52 lek that was on Wednesday. The British pound has dropped to 120.34 ALL, from the level of 121.94 ALL on Wednesday.

This event proves once again that the Albanian foreign exchange market is easily affected by panic, perhaps due to its shallowness and small size. However, even this moment has been quickly overcome and the course has returned near the levels of the previous week.