This is a (single) forex rate reference, which may be used by those interested for trading, evaluation, comparison and statistical purposes. When someone holding the digital currency wants to redeem it for cash, all they would need to do is present it to the comptroller or a designated agent, who will then sell gold held in the depository account equal to the redemption amount and transfer the funds to the redeemer, minus any fees. 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. Second table presents all possible exchange rates to US Dollar. The Bank of Albania operates under a free-floating exchange rate regime. First table lists exchange rates (quotations) of the most popular currencies to US Dollar (USD).
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