Convert Albanian Lek to Colombian Peso
Convert Albanian Lek (ALL) to Colombian Peso (COP) using daily updated exchange rates.
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Exchange Rate
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About Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, with a history dating back to 1926. The name "lek" is believed to derive from a shortened form of "Aleksander", referring to Alexander the Great, who is celebrated in Albanian culture. Albania is a candidate for European Union membership, and the lek may eventually be replaced by the Euro upon accession. The Bank of Albania issues the lek, which is divided into 100 qindarka. Albania's economy is transitioning from a communist system to a market economy, and the lek has gradually stabilised over the past two decades.
About Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, with a history dating to 1837, making it one of the older continuously used currencies in Latin America. The Banco de la Republica issues the peso and manages monetary policy with an inflation-targeting framework. Colombia has the third largest economy in South America, with significant exports of oil, coal, coffee, flowers, and emeralds. The peso has experienced volatility due to its correlation with oil prices - Colombia is South America's third-largest oil producer.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).