Convert South Korean Won to Laotian Kip
Please provide values below to convert South Korean Won [KRW] to Laotian Kip [LAK], or Convert Laotian Kip to South Korean Won.
How to Convert South Korean Won to Laotian Kip
1 KRW = 0.0639207433587133 LAK
Example: convert 15 KRW to LAK:
15 KRW = 15 × 0.0639207433587133 LAK = 0.958811150380699 LAK
South Korean Won to Laotian Kip Conversion Table
| South Korean Won | Laotian Kip |
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South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.
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.