Convert Laotian Kip to New Taiwan Dollar
Please provide values below to convert Laotian Kip [LAK] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Laotian Kip.
How to Convert Laotian Kip to New Taiwan Dollar
1 LAK = 736.57281116976 TWD
Example: convert 15 LAK to TWD:
15 LAK = 15 × 736.57281116976 TWD = 11048.5921675464 TWD
Laotian Kip to New Taiwan Dollar 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.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.