Convert Australian Dollar to Laotian Kip
Please provide values below to convert Australian Dollar [AUD] to Laotian Kip [LAK], or Convert Laotian Kip to Australian Dollar.
How to Convert Australian Dollar to Laotian Kip
1 AUD = 7.06998675685884e-05 LAK
Example: convert 15 AUD to LAK:
15 AUD = 15 × 7.06998675685884e-05 LAK = 0.00106049801352883 LAK
Australian Dollar to Laotian Kip Conversion Table
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
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.