Convert Lesotho Loti to Australian Dollar
Please provide values below to convert Lesotho Loti [LSL] to Australian Dollar [AUD], or Convert Australian Dollar to Lesotho Loti.
How to Convert Lesotho Loti to Australian Dollar
1 LSL = 11.4875098090505 AUD
Example: convert 15 LSL to AUD:
15 LSL = 15 × 11.4875098090505 AUD = 172.312647135757 AUD
Lesotho Loti to Australian Dollar Conversion Table
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Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.