Albanian lek (ALL) market outlook and exchange rates

ALL Market Update

12 Aug 2026 • 00:37 GMT

ALL/USD 0.012415

The Albanian Lek (ALL) has strengthened against the US dollar, trading near 90-day highs around 0.012415, which is roughly 1.7% above its 3-month average. The currency has remained within a narrow 3.4% trading range, supported by a busy tourism season bringing in foreign currency inflows and a strong budget surplus that has reduced local currency supply. Despite the Bank of Albania's efforts to prevent further appreciation through foreign currency purchases and a recent slight interest rate cut from 2.75% to 2.5%, the Lek's gains have held firm.

against the euro, the ALL is also at 90-day highs near 0.010756, about 1.5% above its 3-month average, indicating overall strength in the Lek. The currency's stability is underpinned by balanced demand in the foreign exchange market, even as monetary policy transmissions remain limited following the rate cut. Meanwhile, the ALL has followed a relatively stable path against other major currencies, with more modest movements seen versus the GBP and JPY.

Overall, recent positive data, coupled with active central bank intervention and seasonal inflows, continue to support the Lek's current level against both the US dollar and major currencies.