Convert Laotian Kip to Singapore Dollar
Please provide values below to convert Laotian Kip [LAK] to Singapore Dollar [SGD], or Convert Singapore Dollar to Laotian Kip.
How to Convert Laotian Kip to Singapore Dollar
1 LAK = 16901.9774947253 SGD
Example: convert 15 LAK to SGD:
15 LAK = 15 × 16901.9774947253 SGD = 253529.66242088 SGD
Laotian Kip to Singapore Dollar 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.
Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.