Convert Laotian Kip to Aruban Florin
Please provide values below to convert Laotian Kip [LAK] to Aruban Florin [AWG], or Convert Aruban Florin to Laotian Kip.
How to Convert Laotian Kip to Aruban Florin
1 LAK = 12083.4975418994 AWG
Example: convert 15 LAK to AWG:
15 LAK = 15 × 12083.4975418994 AWG = 181252.463128492 AWG
Laotian Kip to Aruban Florin Conversion Table
| Laotian Kip | Aruban Florin |
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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.
Aruban Florin
The Aruban Florin (AWG) is the official currency of Aruba, used as a medium of exchange within the country.
History/Origin
The Aruban Florin was introduced in 1986, replacing the Netherlands Antillean Guilder at par, to establish a distinct national currency for Aruba.
Current Use
The AWG is widely used in Aruba for all daily transactions, banking, and trade, and is pegged to the US dollar at a fixed rate.