Convert Thai Baht to Laotian Kip
Please provide values below to convert Thai Baht [THB] to Laotian Kip [LAK], or Convert Laotian Kip to Thai Baht.
How to Convert Thai Baht to Laotian Kip
1 THB = 0.00148929280279879 LAK
Example: convert 15 THB to LAK:
15 THB = 15 × 0.00148929280279879 LAK = 0.0223393920419819 LAK
Thai Baht to Laotian Kip Conversion Table
| Thai Baht | Laotian Kip |
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Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.
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.