Dollar in Albania hits highest level of year, rise euro

Waves have been tightened today on the domestic market. And while the dollar has captured the highest level since early January due to the humiliated euro on international markets, it has gained points in the country against the lek, the Monitor writes. According to the Bank of Albania's official course, one euro was exchanged during today's day at 125.58, about 0.1 points more than Friday.

Experts argue that interventions by the Bank of Albania are not allowing the euro to be further humiliated on the domestic market. Euro began to be quickly underestimated on the domestic market during 2018, while its downward trend had begun in the second half of 2016. According to key market actors, the main reasons for devaluation of the European currency was the high currency bid. Euro is traditionally weak in August due to high revenues from tourists and immigrants, but this year the Bank of Albania is constantly present at the market, not allowing an uncontrolled drop in the common currency.

Experts say the BSH has been constantly present with the purchase of currency surplus to keep the exchange rate from drastic fluctuations. However, they add that they cannot make any forecast for the performance and tendency of the common currency, since last year showed that Albania is home to wonder.

Even the US dollar has been weak on the domestic market, reflecting its level on international stock exchanges. The American dollar has been exchanged today for $110.29, about 0.93 points more than Friday. The dollar has reflected its strengthening in international stock exchanges. The euro has been poor, reflecting investors' concern over the Turkish lira crisis. Part of European banks that have loaned the Turkish economy may face difficulties. A euro has been exchanged today on international markets at the $1.13 level, near the lowest rate of one year.