{"id":54641,"date":"2023-06-03T11:37:14","date_gmt":"2023-06-03T09:37:14","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=54641"},"modified":"2023-06-03T11:37:14","modified_gmt":"2023-06-03T09:37:14","slug":"euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/","title":{"rendered":"Euro continues historic downfall, trend expected to last throughout summer season"},"content":{"rendered":"<p>The euro is experiencing a steady decline, trading at 108,4 Albanian lek at the Bank of Albania exchange rate this Friday. The U.S. dollar and the British pound are following the same trend, exchanging at around 101 and 126,6 Albanian lek respectively.<\/p>\n<p>Fluctuations in foreign currencies during the summer season are normal, but the supply of the euro is particularly high, leading to a devaluation of the currency by 10% compared to last June.<\/p>\n<p>With this ongoing trend, market operators predict that the decline of the euro will continue and reach new records this year.<\/p>\n<p>In addition to the expected high levels of foreign currency inflows, the strengthening of the Albanian lek may also be influenced by restrictive monetary and fiscal policies, which have slowed down the growth of the domestic currency supply compared to previous years.<\/p>\n<p>This situation increasingly benefits entities with expenses in euro and revenue in lek, particularly importers, the Albanian government, and other private borrowers.<\/p>\n<p>In theory, a stronger Albanian lek should make imports cheaper and have a positive effect on stimulating private consumption.<\/p>\n<p>Additionally, a stronger currency reduces the burden of euro-denominated debt and eases budgetary pressures related to debt servicing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro is experiencing a steady decline, trading at 108,4 Albanian lek at the Bank of Albania exchange rate this Friday. The U.S. dollar and the British pound are following the same trend, exchanging at around 101 and 126,6 Albanian lek respectively. Fluctuations in foreign currencies during the summer season are normal, but the supply [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":54642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[2222,1852,823,1851,2546,243,151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Euro continues historic downfall, trend expected to last throughout summer season - 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-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euro continues historic downfall, trend expected to last throughout summer season - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"The euro is experiencing a steady decline, trading at 108,4 Albanian lek at the Bank of Albania exchange rate this Friday. The U.S. dollar and the British pound are following the same trend, exchanging at around 101 and 126,6 Albanian lek respectively. Fluctuations in foreign currencies during the summer season are normal, but the supply [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/\" \/>\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=\"2023-06-03T09:37:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/06\/euro2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/\"},\"author\":{\"name\":\"Euronews Albania\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d\"},\"headline\":\"Euro continues historic downfall, trend expected to last throughout summer season\",\"datePublished\":\"2023-06-03T09:37:14+00:00\",\"dateModified\":\"2023-06-03T09:37:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/06\/euro2.jpg\",\"keywords\":[\"albanian lek\",\"currency\",\"economy\",\"euro\",\"exchange rate\",\"kryesore 1\",\"Kryesoret\"],\"articleSection\":[\"Albania\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/\",\"url\":\"https:\/\/euronews.al\/en\/euro-continues-historic-downfall-trend-expected-to-last-throughout-summer-season\/\",\"name\":\"Euro continues historic downfall, trend expected to last throughout summer season - 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