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base info OKB

OKB to Albanian Lek Converter and calculator

Convert 1OKB (OKB) to Albanian Lek (ALL) equals L 5,518.37 | Bitget

ALL information

About the Albanian Lek (ALL)

What Is the Albanian Lek (ALL)?

The Albanian Lek (ALL), the national currency of Albania, plays a pivotal role in the country's economy. Represented by the ISO code ALL and symbolized as L, the Lek is subdivided into 100 qindarka, although qindarka coins are no longer in circulation due to their low value. The Albanian Lek is the sole legal tender in Albania, and it is used for all transactions within the country.

The Albanian Lek is issued by the Bank of Albania, which is the central bank of Albania. The Bank of Albania is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining financial stability in the country. The issuance of the Lek is a key part of the bank's role in managing Albania's financial system.

What Is the History of ALL?

The Albanian Lek, introduced in 1926, has a rich history that mirrors the economic and political journey of Albania itself. Named in honor of Alexander the Great, the Lek replaced the Albanian Franc, marking a significant step in establishing Albania's monetary independence. Over the decades, the Lek has undergone several transformations, including changes in its denominations and design, each reflecting Albania's cultural heritage and its evolving political landscape.

Notes and Coins of ALL

The Albanian Lek is circulated in a variety of notes and coins, each denoting different values to facilitate a range of transactions. The banknotes include denominations of 200, 500, 1000, 2000, and 5000 Lekë, each uniquely designed with intricate patterns and images reflecting Albania's rich history and culture. The coins, although less commonly used due to their lower value, come in denominations of 1, 5, 10, 20, 50, and 100 Lekë. These coins are made of different metals and sizes, making them easily distinguishable.

Exchange Rates and Value

The value of the Lek has seen fluctuations over the years, influenced by various economic factors including inflation, political stability, and global economic conditions. The exchange rate of the Lek against major currencies like the Euro and the US Dollar is a critical indicator of Albania's economic health.

Like many countries, Albania has faced economic challenges, and these have impacted the value of the Lek. Economic reforms, fluctuations in global markets, and internal political stability are key factors influencing the strength and stability of the Lek.

Is ALL Pegged to EUR?

The Albanian Lek is not pegged to the Euro. The Lek operates under a floating exchange rate system, where its value is determined by market forces such as supply and demand in the foreign exchange market. This means that the exchange rate of the Lek against the Euro and other currencies can fluctuate based on economic conditions, market sentiment, and other factors. While Albania has expressed aspirations to join the European Union, which might eventually lead to the adoption of the Euro, as of January 2024, this transition had not yet occurred.

Is ALL a Stable Currency?

The stability of the Albanian Lek, like many currencies, is subject to various economic factors and can fluctuate based on domestic and international economic conditions. Historically, the Lek has experienced periods of both stability and volatility. For instance, in recent years, the Lek has shown relative stability against major currencies like the Euro and the US Dollar, with moderate fluctuations in its exchange rate. However, it's important to note that factors such as Albania's economic reforms, inflation rates, and political climate can impact the Lek's stability

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Bitget crypto-to-fiat exchange data shows that the most popular OKB currency pair is the OKB to ALL, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ALL.

OKB to ALL conversion rate trend

1D7D1M3M1YAll
In the past 1D, OKB has changed +6.36% to ALL. Based on the trend and price charts, OKB(OKB) has changed +6.36% to ALL while Albanian Lek(ALL) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
L5,518.37
0.0001% / 0.0004%vip-iconVIP
OKX
L5,479.46
0.080% / 0.100%
Yes
Gate.io
L5,478.51
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 14:00:19(UTC+0)

What factors influence the conversion rate of OKB to Albanian Lek?

OKB to Albanian Lek is falling this week.
OKB's current market price is L 5,518.37 per OKB, with a total market cap of L 331,102,314,500 ALL based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by +417.50% (L 4,273,365,922.52 ALL) in the last 24 hours. Last trading day, OKB's trading volume was L 1,023,566,338.81.
Market cap
$3.49B
24h volume
$55.83M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at L 5,518.37 ALL , which means buying 5 OKB will cost L 27,591.86 ALL . Similarly, L1 ALL can be traded for 0.0001812 OKB, and L50 ALL can be converted to 0.009061 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Albanian Lek has changed by -0.35% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.36%, reaching a high of 5,859.4 ALL and a low of 5,095.25 ALL . One month ago, the value of 1 OKB was L 6,042.78 ALL , which represents a -8.68% change from its current value. Over the last year, OKB has changed by
+L
65.92ALL
, resulting in a change of +13.02% in its value.

OKB to ALL

Amount
14:12 today
0.5 OKB
L2,759.19
1 OKB
L5,518.37
5 OKB
L27,591.86
10 OKB
L55,183.72
50 OKB
L275,918.6
100 OKB
L551,837.2
500 OKB
L2,759,185.98
1000 OKB
L5,518,371.96

ALL to OKB

Amount14:12 today
0.5ALL0.{4}9061  OKB
1ALL0.0001812  OKB
5ALL0.0009061  OKB
10ALL0.001812  OKB
50ALL0.009061  OKB
100ALL0.01812  OKB
500ALL0.09061  OKB
1000ALL0.1812  OKB
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Today vs. 24 hours ago

Amount14:12 today24 hours ago24h change
0.5 OKB$29.08$27.34
+6.36%
1 OKB$58.16$54.68
+6.36%
5 OKB$290.8$273.41
+6.36%
10 OKB$581.6$546.83
+6.36%
50 OKB$2,908.01$2,734.13
+6.36%
100 OKB$5,816.01$5,468.26
+6.36%
500 OKB$29,080.06$27,341.28
+6.36%
1000 OKB$58,160.12$54,682.56
+6.36%

Today vs. 1 month ago

Amount14:12 today1 month ago1M change
0.5 OKB$29.08$31.84
-8.68%
1 OKB$58.16$63.69
-8.68%
5 OKB$290.8$318.44
-8.68%
10 OKB$581.6$636.87
-8.68%
50 OKB$2,908.01$3,184.35
-8.68%
100 OKB$5,816.01$6,368.7
-8.68%
500 OKB$29,080.06$31,843.51
-8.68%
1000 OKB$58,160.12$63,687.02
-8.68%

Today vs. 1 year ago

Amount14:12 today1 year ago1Y change
0.5 OKB$29.08$25.73
+13.02%
1 OKB$58.16$51.47
+13.02%
5 OKB$290.8$257.33
+13.02%
10 OKB$581.6$514.65
+13.02%
50 OKB$2,908.01$2,573.27
+13.02%
100 OKB$5,816.01$5,146.53
+13.02%
500 OKB$29,080.06$25,732.66
+13.02%
1000 OKB$58,160.12$51,465.32
+13.02%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.