Convert Hong Kong Dollar to Laotian Kip
Please provide values below to convert Hong Kong Dollar [HKD] to Laotian Kip [LAK], or Convert Laotian Kip to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Laotian Kip
1 HKD = 0.000362921671749873 LAK
Example: convert 15 HKD to LAK:
15 HKD = 15 × 0.000362921671749873 LAK = 0.00544382507624809 LAK
Hong Kong Dollar to Laotian Kip Conversion Table
| Hong Kong Dollar | Laotian Kip |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.