Euro is gaining in the exchange rate with the Lek during this week and has returned above the level of 105 Lek for the first time since the end of July.

The European currency is being exchanged at the level of 105 lek this week, increasing by more than 1 lek since the end of last week. The strengthening of the Euro has boosted the exchange rate of other currencies as well. The American dollar was exchanged at 96.7 ALL, increasing by 1.65 ALL since the end of last week.

British pound was exchanged at 122.9 Lek, increasing by 2.7 Lek since the end of last week. Even for the Pound, as for the Euro, it is the highest value since July 28.

Central Bank’s messages and interventions in the foreign exchange market may have an impact on the increase in the exchange rate.

But the slight recovery of the Euro in the exchange rate can be partially explained by the softening of the seasonal element.

Historical data show that during the summer season, the Euro rate reaches its lowest level at the beginning of August, while thereafter there is a slight upward correction trend.

At the end of this week, the Bank of Albania will hold the second currency purchase auction for the month of August. The estimated amount to be purchased in the first round is 5 to 9 million euros.