Euro into lek12/20/2023 ![]() A real depreciation of the Lek against the Euro makes exports more competitive abroad and imports less competitive domestically, thus increasing the demand for domestically produced goods. The exchange rate affects the real economy more directly through changes in the demand for exports and imports. How does the exchange rate affect the economy? It is a major risk to consider for exporters/importers and businesses trading in international markets. This information on this page is strictly informative in nature and does not give users any rights.In broad terms, exchange rate risk is major when a company or investment relies on a foreign currency that must be converted into the Albanian lek.įoreign exchange risk can be caused by the appreciation/devaluation of the Lek, the appreciation/devaluation of foreign currency (Euro, Dollar, Pound, Franc), or a combination of both. These exchange rates are available in electronic format from March 1994 in the form of downloadable files. For each currency, the converter provides the historic rates of conversion against the euro (or, until December 1998, against the ecu). InforEuro provides rates for current and old currencies for countries both inside and outside the European Union. The rates indicated are the market rates for the second to last day of the previous month as quoted by the European Central Bank or, depending on availability, provided by the delegations or other appropriate sources close to that date. The converter also allows general users to get monthly currency conversion rates, from the current month back to 1994. at the request of the European Commission. ![]() ![]() These rates are used to calculate amounts for the reimbursement of expenses, travel or subsistence costs for external people participating in meetings, interviews etc. This static currency converter provides the European Commission’s official monthly accounting rate for the euro and the conversion rates as established by the Accounting Officer of the European Commission in line with article 19 of the Financial Regulation. ![]()
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