Euro marks decline again

As immigrants return to their homes on vacation, the euro in the first half of the month always marks the lowest exchange values for the whole year.

Even today, the euro has dropped to the quotas of 125.5 dollars, dropping by 0.08 compared to the end of last week.

This is the lowest level since June 6th, the period when the Bank of Albania launched a series of extraordinary interventions, worried that the euro was heading towards an uncontrolled decline as it reached 124.17m, the lowest level in 10 years on 4 June.

Fident market experts claim that the euro's inflow is high and the common currency would have been depreciated more if it were not for the interventions of the Bank of Albania.

Governor Gent Sejko, in his recent press release, confirmed that the Bank of Albania would continue to be present through currency purchases in order not to allow further humiliation, while acknowledging there is excessive currency in the market.

Since the Bank's intervention, the euro had stabilised in the quota of 126, as seen by the graph and the fall in early August, has been still easy.

Another factor that is impacting is bringing foreign tourists from Western and Eastern Europe, but a decline in the flow of tourists from Kosovo, which in years have been a stable source of euro entry in the summer period, is noted.

Unlike the euro, the dollar has been stronger in the domestic market, trading today at $108.52, with an increase of 0.1 in proportion to Friday,

Euro has been weak in international stock exchanges, where it was converted to 1. 16 The USSD, with a daily decline of 0.1.8%.

Valutor market experts expect that at least in the first two weeks of August, the euro will be in humiliating pressure, due to high returns from immigration and tourism.