Convert Albanian Lek to Egyptian Pound
Convert Albanian Lek (ALL) to Egyptian Pound (EGP) 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 Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt and one of the oldest currency systems in the world, with versions of the pound used since Egypt adopted a monetary system in the 19th century. The Central Bank of Egypt manages monetary policy. Egypt is the most populous Arab country and the third most populous in Africa, with an economy driven by tourism, Suez Canal revenues, remittances, oil exports, and agriculture. The pound underwent significant devaluations in 2016 and 2023 as Egypt moved to a more flexible exchange rate policy under IMF-backed economic reform programmes.
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).