Convert Laotian Kip to Swedish Krona
Please provide values below to convert Laotian Kip [LAK] to Swedish Krona [SEK], or Convert Swedish Krona to Laotian Kip.
How to Convert Laotian Kip to Swedish Krona
1 LAK = 2266.21759584254 SEK
Example: convert 15 LAK to SEK:
15 LAK = 15 × 2266.21759584254 SEK = 33993.2639376382 SEK
Laotian Kip to Swedish Krona Conversion Table
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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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.