Convert Laotian Kip to Myanma Kyat
Please provide values below to convert Laotian Kip [LAK] to Myanma Kyat [MMK], or Convert Myanma Kyat to Laotian Kip.
How to Convert Laotian Kip to Myanma Kyat
1 LAK = 10.2907230790611 MMK
Example: convert 15 LAK to MMK:
15 LAK = 15 × 10.2907230790611 MMK = 154.360846185917 MMK
Laotian Kip to Myanma Kyat Conversion Table
| Laotian Kip | Myanma Kyat |
|---|
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.
Myanma Kyat
The Myanma Kyat (MMK) is the official currency of Myanmar, used for all monetary transactions within the country.
History/Origin
The Kyat was introduced in 1952, replacing the Indian Rupee, and has undergone several reforms and redenominations over the years to stabilize Myanmar's economy.
Current Use
Today, the Kyat is the primary currency in Myanmar, used in everyday transactions, banking, and financial markets, with banknotes and coins issued by the Central Bank of Myanmar.