Lao Kip (LAK) TradingHours.com

The Lao Kip is the primary currency of Laos. This currency is used by an estimated 7,061,507 people. Based on our estimate, Lao Kip is the #86 most popular currency is the world.

The currency code for the Lao Kip is "LAK". The ISO 4217 number for this currency is 418. The currency symbol for the Kip is "₭".

Lao Kip conversion rates, useful facts, and holiday schedule can be found below.

LAK Currency Demographics

The primary country using the Lao Kip is Laos.

There are approximately 7,061,507 people around the world who use the Lao Kip. The Lao Kip is the #86 most used widely currency is the world.

7,061,507 user population
Ranked #86 in the world

LAK Exchange Rates

1 Lao Kip equals:

Australian Dollar

$0.00016

Inverse: ₭6,275.40
Euro

€0.000098

Inverse: ₭10,168.72
British Pound

£0.000089

Inverse: ₭11,281.50
Indian Rupee

₹0.0083

Inverse: ₭121.091
Japanese Yen

¥0.012

Inverse: ₭84.073
US Dollar

$0.00011

Inverse: ₭9,043.0016

† Rates last updated at 16 minutes ago

‡ Rates are the interbank rate and are only available on large transactions

LAK Currency Facts

LAK Details

ISO 4217 CodeLAK
ISO 4217 Number418
Unit NameKip
Symbol
Currency NicknamesN.a.

LAK Denominations

Minor Unit NameN.a.
Minor Unit Symbol N.a.
Minor Units2
Frequently Used banknotes₭500, ₭1000, ₭2000, ₭5000, ₭10000, ₭20000, ₭50000, ₭100000
Rarely Used Banknotes₭1, ₭5, ₭10, ₭20, ₭50, ₭100
Frequently Used CoinsN.a.
Rarely Used Coins10, 20, 50

LAK Issuance

Central BankBank of Lao P.D.R.
Central Bank Websitehttp://www.bol.gov.la

World Bank Statistics

Estimated User Population7,061,507 people
Population Rank#86
LAK Inflation Rate2.040%
Inflation Rank#75

† Population and Inflation rate as based on data from the World Bank.

‡ Corrections or suggestions? Please contact us.

LAK Currency History

The Lao Kip was created in January 1980. The table below shows the history of currencies that ultimately became the Lao Kip.

Currency Active Replaced By
Lao kip (LAJ) January 1965 to December 1979 LAK

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