This is a (single) forex rate reference, which may be used by those interested for trading, evaluation, comparison and statistical purposes. United Arab Emirates Dirham, Afghan afghani, Albanian lek, Armenian Dram, Netherlands Antillean Guilder, Angolan Kwanza. 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. 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. Exchange rate fluctuations reflect the free movement of goods and capital and the financial transactions of Albania with its trading partners. The value of the Albanian currency (lek) against foreign currencies is freely determined in the foreign exchange market. The code for the Albanian Lek is ALL The symbol for the Albanian Lek is Lek The Pound is divided into 100 pence The Lek is divided into 100 qindarka For 2023, one British Pound has equalled. The Bank of Albania operates under a free-floating exchange rate regime.
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