Convert Guatemalan Quetzal to Laotian Kip
Please provide values below to convert Guatemalan Quetzal [GTQ] to Laotian Kip [LAK], or Convert Laotian Kip to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Laotian Kip
1 GTQ = 0.000354826231773898 LAK
Example: convert 15 GTQ to LAK:
15 GTQ = 15 × 0.000354826231773898 LAK = 0.00532239347660847 LAK
Guatemalan Quetzal to Laotian Kip Conversion Table
| Guatemalan Quetzal | Laotian Kip |
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Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.
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.