{"id":53036,"date":"2023-05-17T11:57:29","date_gmt":"2023-05-17T09:57:29","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=53036"},"modified":"2023-05-17T11:57:29","modified_gmt":"2023-05-17T09:57:29","slug":"euro-exchange-rate-improves-after-albanian-local-elections","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/","title":{"rendered":"Euro exchange rate improves after Albanian local elections"},"content":{"rendered":"<p>The euro exchange has greatly improved this week.<\/p>\n<p>According to official rates by the Bank of Albania, a euro exchanges today at 111,89 Albanian lek, an increase of 0,58 points compared to Monday\u2019s rates.<\/p>\n<p>The European currency fell to a historic minimum last week, exchanging at 110,63 lek.<\/p>\n<p>The euro\u2019s quick recovery is following a similar trajectory as that of last year. According to experts, one of the reasons behind it could be the expectations that the euro would improve after the Albanian local elections. This led to a higher request to buy euro and has pushed the currency to its highest level in almost a month.<\/p>\n<p>The exchange rate is correcting the historical devaluation of the euro in the first half of May, a period that corresponded to the last weeks of the local elections campaign. However, long-term tendencies favor the Albanian lek, which scored an increase of 7,2% against the euro compared to the same period a year ago.<\/p>\n<p>The improvement of the euro should partially minimize exporting businesses\u2019 concerns, which have been significantly hit by the strengthening of the local currency in the foreign exchange rate. Euro is the dominant currency in the country\u2019s commercial exchanges and its movements directly affect the value of imports and exports expressed in local currency.<\/p>\n<p>The lek appears to be falling with most other foreign currencies this week. Even the American dollar has experienced an increase and exchanges now at 102,71 lek, the highest level in a month.<\/p>\n<p>However, the strengthening of other currencies is not related to internal factors of the Albanian foreign exchange market, but the ratios of these currencies in the exchange rate with the euro. In the last few days, the euro has lost ground in international currency markets and this is leading to the strengthening of the main currencies against the lek.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro exchange has greatly improved this week. According to official rates by the Bank of Albania, a euro exchanges today at 111,89 Albanian lek, an increase of 0,58 points compared to Monday\u2019s rates. The European currency fell to a historic minimum last week, exchanging at 110,63 lek. The euro\u2019s quick recovery is following a [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":52951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[2222,1852,823,1851,2223,243,151,1015],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Euro exchange rate improves after Albanian local elections - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euro exchange rate improves after Albanian local elections - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"The euro exchange has greatly improved this week. According to official rates by the Bank of Albania, a euro exchanges today at 111,89 Albanian lek, an increase of 0,58 points compared to Monday\u2019s rates. The European currency fell to a historic minimum last week, exchanging at 110,63 lek. The euro\u2019s quick recovery is following a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/\" \/>\n<meta property=\"og:site_name\" content=\"Euronews Albania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/euronews.al\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-17T09:57:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/05\/euro-fraud.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"468\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Euronews Albania\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:site\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Euronews Albania\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/\"},\"author\":{\"name\":\"Euronews Albania\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d\"},\"headline\":\"Euro exchange rate improves after Albanian local elections\",\"datePublished\":\"2023-05-17T09:57:29+00:00\",\"dateModified\":\"2023-05-17T09:57:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/\"},\"wordCount\":312,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/05\/euro-fraud.jpg\",\"keywords\":[\"albanian lek\",\"currency\",\"economy\",\"euro\",\"exchange rates\",\"kryesore 1\",\"Kryesoret\",\"local elections\"],\"articleSection\":[\"Albania\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/\",\"url\":\"https:\/\/euronews.al\/en\/euro-exchange-rate-improves-after-albanian-local-elections\/\",\"name\":\"Euro exchange rate improves after Albanian local elections - 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