Euro Sinks Below 92 Lek Mark for First Time Amid Economic Improvements

The Euro's value has continued to decline against the Albanian Lek, dropping below 92 lek for the first time. According to the Bank of Albania's official exchange rate, one Euro is now worth approximately 91.94 leks.

This marks a new historical low and continues a long-term downward trend that accelerated in 2026. The Euro has depreciated by 5% since the beginning of the year and 5.3% on an annual basis.

Foreign exchange experts attribute the decline to a combination of factors, including an extended summer season that has increased the supply of Euros in the market and tepid demand for the European currency.

The Euro's depreciation is also being driven by economic indicators, with the Balance of Payments showing a significant improvement this year. The current account deficit decreased by 40.6% in the first six months of 2026 compared to the same period last year, reaching its lowest level since 2018.

The decrease in the deficit was mainly due to an increase in exports of services and remittances. Tourism has also contributed significantly, with net income from tourism reaching approximately 957 million euros, a 20% increase from the first half of last year.