Convert Danish Krone to Laotian Kip
Please provide values below to convert Danish Krone [DKK] to Laotian Kip [LAK], or Convert Laotian Kip to Danish Krone.
How to Convert Danish Krone to Laotian Kip
1 DKK = 0.000293987913873358 LAK
Example: convert 15 DKK to LAK:
15 DKK = 15 × 0.000293987913873358 LAK = 0.00440981870810038 LAK
Danish Krone to Laotian Kip Conversion Table
| Danish Krone | Laotian Kip |
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Danish Krone
The Danish Krone (DKK) is the official currency of Denmark, used for everyday transactions and issued by the Danmarks Nationalbank.
History/Origin
The Danish Krone was introduced in 1875, replacing the rigsdaler, and has undergone various reforms, including pegging to the euro and adopting a floating exchange rate since 1999.
Current Use
The DKK is widely used in Denmark for all financial transactions, including banking, commerce, and international trade, and is also accepted in the Faroe Islands and Greenland.
Laotian Kip
The Laotian Kip (LAK) is the official currency of Laos, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Laotian Kip was introduced in 1952, replacing the French Indochinese piastre, and has undergone various redenominations and reforms to stabilize the economy and control inflation.
Current Use
Today, the Kip remains the primary currency in Laos, used in all financial transactions, with coins and banknotes issued by the Bank of the Lao P.D.R. and widely accepted throughout the country.