Official exchange rate

The Bank of Albania operates under a free-floating exchange rate regime.

The value of the Albanian currency (lek) against foreign currencies is freely determined in the foreign exchange market. Exchange rate fluctuations reflect the free movement of goods and capital and the financial transactions of Albania with its trading partners.

Without prejudice to the free exchange rate regime, the Bank of Albania may carry out operations in the foreign exchange market in order to adjust the exchange rate to the level determined by key macroeconomic factors, avoid disruptions and increase or decrease the foreign currency reserve.

The Bank of Albania calculates the official exchange rate and the average rate of bid price and ask price for the euro and US dollar, based on standardised quotations of participants in the interbank market, in the interval of 11.30-12.00. This is a (single) forex rate reference, which may be used by those interested for trading, evaluation, comparison and statistical purposes.

• Guideline for calculating the official ''Fixed'' exchange rate