Euro to Lao Kip — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Lao People's Democratic Republic

Currency Code, Symbol: LAK, ₭

Denominations of coins in circulation: 10, 20, 50 att

Denominations of banknotes in circulation: 500, 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000 kip

History: The Lao kip (₭) is the national currency of Laos. The currency is not used for payment in other countries. The international currency exchange uses the LAK abbreviation.Formally, change coins are called att. However, due to inflation and low value, coins do not participate in real circulation.The currency gained a national status in 1955. It replaced an outdated currency – the Indochinese piastres. Despite its official status, the currency is not that popular in Laos. Usually it is used in two currencies exchange: the Thai baht and the American dollar ($).Read More