2 hours agoEuro weakening continues in Albania
Periskopi(9 years ago)
(9 years ago)After a slight increase late last month, Euros have continued to weaken throughout the week we left behind. At exchange points, 1 Euro was converted to about $12.5. This is the lowest level of nearly nine years, while Euros showed signs of weakness about a year [...]
This is the lowest level of nearly nine years, while Euros displayed weaknesses about a year and a half ago. Persistently, the euro was weaker, though on the international market this year it has won points against Dolar. Euros' weakness is expected to continue at least this month, when the flow of tourist entry is at its peak. But the odds are that Lek will not maintain his strong position for long.
The money assessment is expected to be temporary. Bank of Albania recently stressed that “The negative effect of the exchange rate is expected to gradually die down. The bank estimates that the current intensity of the exchange rate overload, due to rapid improvement in the balance of trade exchanges and services, and from the high flows of foreign direct investment CHA will come towards the fade of”.
Because the common currency is not expected to be so free on the domestic market, economists estimate that it could be a good time to buy Euro. However, Euros assessment or depreciation cases are not ruled out entirely contrary to performance on the international market. We remember that in 2015, even though Euros managed to trade for about $1.1, the domestic market did not change by trading for nearly $140./ T V CLAN
