Convert New Zealand Dollar to Laotian Kip
Please provide values below to convert New Zealand Dollar [NZD] to Laotian Kip [LAK], or Convert Laotian Kip to New Zealand Dollar.
How to Convert New Zealand Dollar to Laotian Kip
1 NZD = 7.71632742427243e-05 LAK
Example: convert 15 NZD to LAK:
15 NZD = 15 × 7.71632742427243e-05 LAK = 0.00115744911364086 LAK
New Zealand Dollar to Laotian Kip Conversion Table
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
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.