Convert Laotian Kip to Chinese Yuan (Offshore)
Please provide values below to convert Laotian Kip [LAK] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Laotian Kip.
How to Convert Laotian Kip to Chinese Yuan (Offshore)
1 LAK = 3016.02221230955 CNH
Example: convert 15 LAK to CNH:
15 LAK = 15 × 3016.02221230955 CNH = 45240.3331846433 CNH
Laotian Kip to Chinese Yuan (Offshore) 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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.