Convert Swedish Krona to Laotian Kip
Please provide values below to convert Swedish Krona [SEK] to Laotian Kip [LAK], or Convert Laotian Kip to Swedish Krona.
How to Convert Swedish Krona to Laotian Kip
1 SEK = 0.000441263893561913 LAK
Example: convert 15 SEK to LAK:
15 SEK = 15 × 0.000441263893561913 LAK = 0.0066189584034287 LAK
Swedish Krona to Laotian Kip Conversion Table
| Swedish Krona | Laotian Kip |
|---|
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part 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.