Convert Laotian Kip to Maldivian Rufiyaa
Please provide values below to convert Laotian Kip [LAK] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to Laotian Kip.
How to Convert Laotian Kip to Maldivian Rufiyaa
1 LAK = 1401.03513362957 MVR
Example: convert 15 LAK to MVR:
15 LAK = 15 × 1401.03513362957 MVR = 21015.5270044435 MVR
Laotian Kip to Maldivian Rufiyaa Conversion Table
| Laotian Kip | Maldivian Rufiyaa |
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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.
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.