Exchange rate of foreign currencies to Albanian Lek (ALL) 2014

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Open Data Albania is updating data related to foreign exchange rate in 2014. The official exchange rate of foreign currencies to ALL is represented by a single value and is published by the Bank of Albania. In a country with a small and open economy just like ALL exchange rates plays a significant role in the price level and the balance of payments. A sustainable exchange rate helps the financial stability of the country.

According to the Central Bank, in 2014 Euro was exchanged with ALL 139.97 on the average, the dollar with ALL 105.48, and the British Pound with ALL 173.62.

Exchange rates 2014
 



Source:
London Bullion Market, Bank of Albania
Comments and analyses: ODA

The following graph shows monthly fluctuations of the ALL exchange rate per unit of the main currencies such as Euro and USD:


Source:  Bank of Albania
Comments and analyses: ODA



Source:  Bank of Albania
Comments and analyses: ODA


In 2014, Euro exchange rate incurred close fluctuations in the range of ALL 139.31-140.54, signaling a balanced supply and demand. During the same period, the performance of the US dollar against All appears more volatile. So, until April 2014 the US dollar has weakened its position against All on the average of 0.61% per year and it to recovered in the second half of the year when it recorded an average growth of 1.45%, per year.

Monthly exchange rate 2014



Source:  Bank of Albania
Comments and analyses: ODA

In compliance with the domestic law, gold and other precious metals are held at fair value based on the price at the London Gold Market (London Bullion Market) on the reporting date. The calculation of the value for this amount of reserves changes with the change of the price in this market. In 2014, a gold price increase amounting to ALL 133,384  / ounce was observed.

The gold and precious metals price  by the end of the year according to the Gold market in London (London Bullion Market)



Source:
London Bullion Market Bank of Albania
Comments and analyses: ODA




Excel datasets : XML, N3 datasets :
    Contributer: Griselda Rruci
    Translated by: ODA
    Edited by: ODA