Convert Laotian Kip to Mexican Peso
Please provide values below to convert Laotian Kip [LAK] to Mexican Peso [MXN], or Convert Mexican Peso to Laotian Kip.
How to Convert Laotian Kip to Mexican Peso
1 LAK = 1160.11738771307 MXN
Example: convert 15 LAK to MXN:
15 LAK = 15 × 1160.11738771307 MXN = 17401.760815696 MXN
Laotian Kip to Mexican Peso Conversion Table
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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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.