Euro stops falling, climbs above 96 lek again - Dollar makes bigger gains, supported by war in Iran
During the week that just ended, the main foreign currencies have shown an increasing trend against the lek, in the domestic foreign exchange market. According to the official exchange rate of the Bank of Albania, the euro has marked a slight increase for most of the week, while the US dollar has strengthened every day, except for Monday.
After hitting a historic low on March 5, the euro showed signs of recovery this week and gradually rose to 96.14 lek on Thursday. However, in Friday's session, the European currency suffered a slight decline, closing at around 96.08 lek.
Despite the slight increase, the euro continues to trade near historical lows against the lek. In this period, the opposite should have happened, because there are no large flows of European currency into our economy. However, one reason may be the fact that the Bank of Albania has been less active in purchasing currency in the domestic market and has allowed the exchange rate to follow its normal course.
Unlike the euro, the US dollar has shown a clearer strengthening trend, as a result of the growth in international markets, influenced by the war in Iran. After a slight decline at the beginning of the week, the dollar exchange rate gradually increased, reaching around 83.89 lek at the end of the week, the highest level since the beginning of November 2025.
In international markets, the US dollar has also continued to rise, posting gains for the second week in a row, while the war in the Middle East pushed investors towards safe assets, including the greenback. Since the start of the war, the dollar has strengthened significantly against the euro and closed the week at 1.14 from around 1.18 before the conflict in the Middle East began two weeks ago.
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