Convert Laotian Kip to Macanese Pataca
Please provide values below to convert Laotian Kip [LAK] to Macanese Pataca [MOP], or Convert Macanese Pataca to Laotian Kip.
How to Convert Laotian Kip to Macanese Pataca
1 LAK = 2675.05943900267 MOP
Example: convert 15 LAK to MOP:
15 LAK = 15 × 2675.05943900267 MOP = 40125.8915850401 MOP
Laotian Kip to Macanese Pataca Conversion Table
| Laotian Kip | Macanese Pataca |
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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.
Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.