Convert Macanese Pataca to Laotian Kip
Please provide values below to convert Macanese Pataca [MOP] to Laotian Kip [LAK], or Convert Laotian Kip to Macanese Pataca.
How to Convert Macanese Pataca to Laotian Kip
1 MOP = 0.0003738234692732 LAK
Example: convert 15 MOP to LAK:
15 MOP = 15 × 0.0003738234692732 LAK = 0.00560735203909801 LAK
Macanese Pataca to Laotian Kip Conversion Table
| Macanese Pataca | Laotian Kip |
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Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.
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.