Convert Hungarian Forint to Laotian Kip
Please provide values below to convert Hungarian Forint [HUF] to Laotian Kip [LAK], or Convert Laotian Kip to Hungarian Forint.
How to Convert Hungarian Forint to Laotian Kip
1 HUF = 0.015728626168329 LAK
Example: convert 15 HUF to LAK:
15 HUF = 15 × 0.015728626168329 LAK = 0.235929392524934 LAK
Hungarian Forint to Laotian Kip Conversion Table
| Hungarian Forint | Laotian Kip |
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Hungarian Forint
The Hungarian Forint (HUF) is the official currency of Hungary, used for all monetary transactions within the country.
History/Origin
The Forint was introduced in 1946, replacing the pengő after hyperinflation. It has undergone several reforms and decimalization since its inception.
Current Use
The Forint remains Hungary's legal tender, with banknotes and coins in circulation. It is managed by the Hungarian National Bank and used for everyday transactions and financial activities.
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.