Convert Laotian Kip to Thai Baht
Please provide values below to convert Laotian Kip [LAK] to Thai Baht [THB], or Convert Thai Baht to Laotian Kip.
How to Convert Laotian Kip to Thai Baht
1 LAK = 671.459633807889 THB
Example: convert 15 LAK to THB:
15 LAK = 15 × 671.459633807889 THB = 10071.8945071183 THB
Laotian Kip to Thai Baht Conversion Table
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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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.