Albanian Lek to Nigerian Naira Exchange Rate History

Nov 09, 2025 0

Understanding the historical exchange rates between the Albanian Lek (ALL) and the Nigerian Naira (NGN) can provide valuable insights into currency valuation and market dynamics. This article explores the factors influencing this exchange rate and provides an overview of its fluctuations over time.

Understanding the ALL to NGN Exchange Rate

The ALL to NGN exchange rate represents the value of one Albanian Lek expressed in Nigerian Naira. This rate is determined by the foreign exchange market, where currencies are bought and sold. The exchange rate can fluctuate frequently due to various factors, including economic conditions, geopolitical events, interest rates, and market sentiment.

The exchange rate is typically quoted as the amount of the counter currency (NGN) required to buy one unit of the base currency (ALL).

Factors Influencing the Exchange Rate

Several factors can influence the ALL to NGN exchange rate:

Economic Conditions: Economic growth, inflation rates, and unemployment levels in both Albania and Nigeria can impact their respective currency values.
Geopolitical Events: Political instability, policy changes, and international relations can create uncertainty and affect currency values.
Interest Rates: Differences in interest rates between Albania and Nigeria can attract or deter foreign investment, influencing currency demand.
Market Sentiment: Investor confidence and speculation can drive short-term fluctuations in the exchange rate.

How Exchange Rates Are Determined

Historical Exchange Rate Statistics

Here's a summary of the ALL to NGN exchange rate statistics over the last few months:

Read also: Real-Time MAD/GBP Data

Statistic	Last 7 Days	Last 30 Days	Last 90 Days
High	17.207	17.780	18.469
Low	17.122	17.001	17.001
Average	17.174	17.470	17.955
Volatility	0.17%	0.51%	0.40%

Currency Information

Albanian Lek (ALL)

Our currency rankings show that the most popular Albanian Lek exchange rate is the ALL to USD rate. The currency code for Albanian Leke is ALL. The currency symbol is L.

Nigerian Naira (NGN)

Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The currency code for Nigerian Nairas is NGN. The currency symbol is ₦.