Convert Saint Helena Pound to Laotian Kip
Please provide values below to convert Saint Helena Pound [SHP] to Laotian Kip [LAK], or Convert Laotian Kip to Saint Helena Pound.
How to Convert Saint Helena Pound to Laotian Kip
1 SHP = 3.42264661005924e-05 LAK
Example: convert 15 SHP to LAK:
15 SHP = 15 × 3.42264661005924e-05 LAK = 0.000513396991508887 LAK
Saint Helena Pound to Laotian Kip Conversion Table
| Saint Helena Pound | Laotian Kip |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.