TIRANA, November 25 – The national currency continued to gain value against the Euro during the third quarter of the year. The pace remained moderate compared to previous months.

Data from the foreign exchange market show that the euro traded at an average of 97.1 Lekë in September. The rate stood at 98.1 Lekë in June.

During this period the monthly appreciation of the Lekë reached around 0.3 percent. The trend matched the dynamics of the second quarter. The annual appreciation remained low and averaged 2.5 percent.

In the first three weeks of October the euro traded near an average of 96.7 Lekë. The movement confirmed a continued strengthening of the Lekë. The annual appreciation fell to around 2 percent.

Foreign exchange market expert Artan Gjergji told for Albanian news agency (ATSH) that domestic economic factors influenced the fluctuations. He pointed to foreign currency inflows and low demand for foreign exchange.

The future course of the exchange rate will depend on seasonal dynamics. It will also reflect developments in financial markets and investment flows.

/a.p./