Convert Malaysian Ringgit to Laotian Kip
Please provide values below to convert Malaysian Ringgit [MYR] to Laotian Kip [LAK], or Convert Laotian Kip to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Laotian Kip
1 MYR = 0.000195631323325742 LAK
Example: convert 15 MYR to LAK:
15 MYR = 15 × 0.000195631323325742 LAK = 0.00293446984988613 LAK
Malaysian Ringgit to Laotian Kip Conversion Table
| Malaysian Ringgit | Laotian Kip |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.