Convert Swiss Franc to Laotian Kip
Please provide values below to convert Swiss Franc [CHF] to Laotian Kip [LAK], or Convert Laotian Kip to Swiss Franc.
How to Convert Swiss Franc to Laotian Kip
1 CHF = 3.67508008960704e-05 LAK
Example: convert 15 CHF to LAK:
15 CHF = 15 × 3.67508008960704e-05 LAK = 0.000551262013441056 LAK
Swiss Franc to Laotian Kip Conversion Table
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency 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.