Convert Norwegian Krone to Laotian Kip
Please provide values below to convert Norwegian Krone [NOK] to Laotian Kip [LAK], or Convert Laotian Kip to Norwegian Krone.
How to Convert Norwegian Krone to Laotian Kip
1 NOK = 0.00046750125613396 LAK
Example: convert 15 NOK to LAK:
15 NOK = 15 × 0.00046750125613396 LAK = 0.0070125188420094 LAK
Norwegian Krone to Laotian Kip Conversion Table
| Norwegian Krone | Laotian Kip |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.