Convert Myanma Kyat to Laotian Kip
Please provide values below to convert Myanma Kyat [MMK] to Laotian Kip [LAK], or Convert Laotian Kip to Myanma Kyat.
How to Convert Myanma Kyat to Laotian Kip
1 MMK = 0.0971749013472856 LAK
Example: convert 15 MMK to LAK:
15 MMK = 15 × 0.0971749013472856 LAK = 1.45762352020928 LAK
Myanma Kyat to Laotian Kip Conversion Table
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Myanma Kyat
The Myanma Kyat (MMK) is the official currency of Myanmar, used for all monetary transactions within the country.
History/Origin
The Kyat was introduced in 1952, replacing the Indian Rupee, and has undergone several reforms and redenominations over the years to stabilize Myanmar's economy.
Current Use
Today, the Kyat is the primary currency in Myanmar, used in everyday transactions, banking, and financial markets, with banknotes and coins issued by the Central Bank of Myanmar.
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.