Convert Malawian Kwacha to Laotian Kip
Please provide values below to convert Malawian Kwacha [MWK] to Laotian Kip [LAK], or Convert Laotian Kip to Malawian Kwacha.
How to Convert Malawian Kwacha to Laotian Kip
1 MWK = 0.0806074331784307 LAK
Example: convert 15 MWK to LAK:
15 MWK = 15 × 0.0806074331784307 LAK = 1.20911149767646 LAK
Malawian Kwacha to Laotian Kip Conversion Table
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Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.
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.