Convert Laotian Kip to Colombian Peso
Please provide values below to convert Laotian Kip [LAK] to Colombian Peso [COP], or Convert Colombian Peso to Laotian Kip.
How to Convert Laotian Kip to Colombian Peso
1 LAK = 5.36521494832298 COP
Example: convert 15 LAK to COP:
15 LAK = 15 × 5.36521494832298 COP = 80.4782242248448 COP
Laotian Kip to Colombian Peso Conversion Table
| Laotian Kip | Colombian Peso |
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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.
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.