Convert Azerbaijani Manat to Albanian Lek
Convert Azerbaijani Manat (AZN) to Albanian Lek (ALL) using daily updated exchange rates.
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Exchange Rate
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About Azerbaijani Manat
The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, reintroduced as the "new manat" in 2006 to replace the old manat at a rate of 5,000 to 1. The Central Bank of the Republic of Azerbaijan issues the manat, which is divided into 100 qapik. Azerbaijan's economy is strongly driven by oil and natural gas exports from the Caspian Sea region, making the manat's value closely tied to energy commodity prices. The currency experienced a significant devaluation in 2015-2016 when oil prices fell sharply. The manat's name derives from the Russian word for "coin".
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.
Quick Reference Table
| Azerbaijani Manat (AZN) | Albanian Lek (ALL) |
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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).