Convert Myanmar Kyat to Albanian Lek
Convert Myanmar Kyat (MMK) to Albanian Lek (ALL) using daily updated exchange rates.
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Exchange Rate
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About Myanmar Kyat
The Myanmar Kyat (MMK) is the official currency of Myanmar (formerly Burma), managed by the Central Bank of Myanmar. The kyat has experienced extraordinary volatility following the military coup of February 2021, which led to international sanctions, economic disruption, and a collapse in investor confidence. The kyat lost a significant portion of its value in the years following the coup. Myanmar's economy was based on natural gas exports, garments, jade and gems, rice, and tourism prior to the coup. The parallel market exchange rate often diverges significantly from the official rate.
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
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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).