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The election campaign has been underway in our country for almost 10 days. But so far the effects have been almost minimal on the exchange rate, while the lek continues to remain strong against foreign currencies. Currently, one euro is being exchanged at the limit of 99 lek with a slight movement during these days.
If we look at the euro-lek exchange rate, at the beginning of this year the euro was exchanged between 98 lek and 100 lek, which was only recorded at the end of January.
If we add here the effects of tourism, which has already experienced a significant increase in the first months, it should be noted that the fluctuations are almost insensitive. Market players do not expect significant changes in the exchange rate in the coming weeks, reports " AbcNews ".
However, what is noticeable is the fact that election campaigns are not the same and what is particularly noticeable in the latter two is that parties have somewhat moved away from costly activities, making campaigns cheaper.
Another element that affects the exchange rate is the expectations of the public and investors towards the programs of political parties and their proposals. While during this year no political wing has proposed radical changes in fiscal policy, which has not affected the markets and investors' expectations. Meanwhile, the end of the campaign coincides with the opening of the tourist season, which means more inflows of European currency into the country, which may have an effect on the weakening of the euro against the lek.
Meanwhile, it is worth noting that in the first few months there was an increase in transactions in euros through official channels.
1.3 million euros of transactions were carried out in the European currency in the first 3 months of this year alone. The high circulation of the euro in the country is related to tourism, remittances but also investments, a fact that has also been confirmed in a report by the International Monetary Fund.
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