The decade's black record, Euro begins the path to decline

The decade's black record, Euro begins the path to decline

Euro has continued to lose points during today. According to the Bank of Albania's official course, one euro was returned today at $17.07, about 0.17 later than a day ago. Euro has entered the trend since the end of April, and today it has marked the eighth day [...]

This is the lowest level since early February 2009. Since the beginning of 2018, more than 5.8 points to local money have been lost to this day. This drop of the euro was not yet expected.

Market experts had predicted that the euro would affect these levels during the tourist season, where influxs of migrants and tourists further increased the currency bid in the country.

According to market experts, the euro's declining trend will continue. The main factor remains the high bid for euros, especially information, which is being channeled through construction.

Bank experts claim the impact also has the deeuroisation process, initiated by the Bank of Albania, but not essential. Another factor that is recently affecting, according to leading exchange market actors, is the influx of tourists.

They argue that being the circulation of cash to the minimum and low expenditures, the flow of currency from tourism reflects on the exchange rate. The euro's declining trend is expected to continue throughout the summer.

Experts argue that this will be the trend of the euro being the performance will also be affected by seasonal effects.

The fall of the euro during today has also been affected by the level of exchange of common currency in international markets. According to the Financial Times exchange rate one euro is being exchanged for 1.18 USSD.

Unlike the euro, the US dollar has started to score points against the money. According to the Bank of Albania's official course, one dollar was returned today at 106.86, about 0.26 points more than a day ago. The increase has also marked the British pound.

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