Convert Laotian Kip to Euro
Please provide values below to convert Laotian Kip [LAK] to Euro [EUR], or Convert Euro to Laotian Kip.
How to Convert Laotian Kip to Euro
1 LAK = 25365.8503576873 EUR
Example: convert 15 LAK to EUR:
15 LAK = 15 × 25365.8503576873 EUR = 380487.75536531 EUR
Laotian Kip to Euro Conversion Table
| Laotian Kip | Euro |
|---|
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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.