Convert Singapore Dollar to Laotian Kip
Please provide values below to convert Singapore Dollar [SGD] to Laotian Kip [LAK], or Convert Laotian Kip to Singapore Dollar.
How to Convert Singapore Dollar to Laotian Kip
1 SGD = 5.91646746844903e-05 LAK
Example: convert 15 SGD to LAK:
15 SGD = 15 × 5.91646746844903e-05 LAK = 0.000887470120267354 LAK
Singapore Dollar to Laotian Kip Conversion Table
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Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.
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.