Convert Philippine Peso to Laotian Kip
Please provide values below to convert Philippine Peso [PHP] to Laotian Kip [LAK], or Convert Laotian Kip to Philippine Peso.
How to Convert Philippine Peso to Laotian Kip
1 PHP = 0.00263262690887446 LAK
Example: convert 15 PHP to LAK:
15 PHP = 15 × 0.00263262690887446 LAK = 0.039489403633117 LAK
Philippine Peso to Laotian Kip Conversion Table
| Philippine Peso | Laotian Kip |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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.