What's going on with the euro? European currency falls to record levels

The European currency is falling free, exchanging this $110.73 on the Bank of Albania's course. This is a new record in the depreciation of the euro, which has been going on a downward trajectory since the beginning of 2022. Even in the report, with May of last year, the decline results at 8%.

currency brokers say European currency flows remain relatively high by individuals. The country's trade balance has also made an impact on the road to the point, where the trade deficit is down by 70%.

Tourism is also becoming an increasingly important factor in the balance of payments, with an average of 25 thousand visitors coming in one day, 90% from a European country using the euro as a means of payment.

Euro depreciation hits export businesses and those subjects that receive currency revenues and are spending on money. The latter have sought assistance from the Bank of Albania and the government, but at the moment appears to be facing the difficulties the exchange rate produces.