Convert Laotian Kip to South Korean Won
Please provide values below to convert Laotian Kip [LAK] to South Korean Won [KRW], or Convert South Korean Won to Laotian Kip.
How to Convert Laotian Kip to South Korean Won
1 LAK = 15.644373758111 KRW
Example: convert 15 LAK to KRW:
15 LAK = 15 × 15.644373758111 KRW = 234.665606371665 KRW
Laotian Kip to South Korean Won Conversion Table
| Laotian Kip | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.