Convert Canadian Dollar to Laotian Kip
Please provide values below to convert Canadian Dollar [CAD] to Laotian Kip [LAK], or Convert Laotian Kip to Canadian Dollar.
How to Convert Canadian Dollar to Laotian Kip
1 CAD = 6.29927867919184e-05 LAK
Example: convert 15 CAD to LAK:
15 CAD = 15 × 6.29927867919184e-05 LAK = 0.000944891801878777 LAK
Canadian Dollar to Laotian Kip Conversion Table
| Canadian Dollar | Laotian Kip |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.
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.