Convert Laotian Kip to Brazilian Real
Please provide values below to convert Laotian Kip [LAK] to Brazilian Real [BRL], or Convert Brazilian Real to Laotian Kip.
How to Convert Laotian Kip to Brazilian Real
1 LAK = 3885.29919166517 BRL
Example: convert 15 LAK to BRL:
15 LAK = 15 × 3885.29919166517 BRL = 58279.4878749775 BRL
Laotian Kip to Brazilian Real 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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.