Convert Laotian Kip to Malaysian Ringgit
Please provide values below to convert Laotian Kip [LAK] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Laotian Kip.
How to Convert Laotian Kip to Malaysian Ringgit
1 LAK = 5111.65585858108 MYR
Example: convert 15 LAK to MYR:
15 LAK = 15 × 5111.65585858108 MYR = 76674.8378787163 MYR
Laotian Kip to Malaysian Ringgit 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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.