The Albanian Lek (ALL) is the official currency of Albania, and its exchange rate against other currencies, including the Euro (EUR), is determined by market forces under a free-floating exchange rate regime. This means the value of the Euro To Lek Currency fluctuates based on supply and demand in the foreign exchange market. These fluctuations reflect Albania’s economic activities, trade balance, and financial interactions with its international partners, particularly within the Eurozone.
The Bank of Albania plays a crucial role in monitoring and overseeing this system. While the exchange rate is freely determined, the Bank of Albania may intervene in the foreign exchange market to moderate excessive volatility, ensure market stability, and adjust the exchange rate to align with fundamental macroeconomic conditions. These interventions are also aimed at managing Albania’s foreign currency reserves.
To provide transparency and a reliable benchmark, the Bank of Albania calculates and publishes the official euro to lek currency exchange rate daily. This official rate, along with the average bid and ask prices for the euro and US dollar, is derived from standardized quotations from participants in the interbank market during a specific interval (11:30-12:00). This publicly available rate serves as a reference point for businesses, individuals, and institutions for various purposes, including:
- Trading: Market participants can use the official rate as a guide for their euro to lek currency transactions.
- Evaluation: Businesses can utilize the rate for financial reporting, asset valuation, and economic analysis.
- Comparison: The rate allows for comparisons of currency values over time and against other currencies.
- Statistical Purposes: Economists and analysts use the data for macroeconomic research and statistical analysis.
It’s important to note that the official euro to lek currency exchange rate published by the Bank of Albania is a reference rate. Actual exchange rates available to consumers at banks or exchange bureaus may vary slightly due to transaction costs and market dynamics. For real-time euro to lek currency conversions and the most up-to-date rates, individuals should consult financial institutions or utilize online currency converter tools, keeping in mind that the official rate provides a solid and reliable benchmark.
Below are the latest official exchange rates as published by the Bank of Albania:
| Main Currency | Albanian Lek per Foreign Currency Unit |
|---|---|
| US Dollar (USD) | 94.35 |
| Euro (EUR) | 99.13 |
| Great Britain Pound (GBP) | 119.95 |
| Swiss Franc (CHF) | 105.88 |
| Japanese Yen (100 JPY) | 63.40 |
| Australian Dollar (AUD) | 58.69 |
| Canadian Dollars (CAD) | 65.38 |
| Swedish Krona (SEK) | 8.95 |
| Norwegian Krone (NOK) | 8.43 |
| Denmark Krone (DKK) | 13.29 |
| Special Drawing Rights (SDR) | 123.69 |
| Gold(OZ 1) (XAU) | 274959.49 |
| Silver(OZ 1) (XAG) | 2999.39 |
| Chinese Yuan (onshore) (CNY) | 12.97 |
| Chinese Yuan (offshore) (CNH) | 12.96 |
| Turkish Lira (TRY) | 2.59 |
*Last update: 04.03.2025 12:17:11
| Albanian Lek per Foreign Currency Unit |
| :————————————- | :————————— | :————————- |
| Currency | Average purchase price (Bid) | Average sales price (Ask) |
| US Dollar (USD) | 93.85 | 94.81 |
| Euro (EUR) | 98.80 | 99.45 |
*Last update: 04.03.2025 12:17:11
