Lao Kip

Lao Kip

The kip (Lao: ກີບ; code: LAK; sign: ₭ or ₭N; French: kip; officially: ເງີນກີບລາວ, lit. "currency Lao kip") is the currency of Laos since 1952. Historically, one kip was divided into 100 att (ອັດ).

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

8549 Lao Kip to US Dollar exchange rates chart

8549 LAK to USD exchange rates graph
8549 LAK to USD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

8549 LAK to USD exchange rates table

Exchange LAK to USD
8549 Lao Kip = 0.997 US Dollar
17098 Lao Kip = 1.995 US Dollar
42745 Lao Kip = 4.987 US Dollar
85490 Lao Kip = 9.975 US Dollar
Exchange Lao Kip to US Dollar
8549 Lao Kip to US Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

8549 LAK to USD exchange rates news

Exploring the heartland of Laos by motorbike

Tourists often make their way to central Laos to rent a motorbike in Thakhaek district, the capital of Khammuan province, to hit “The Loop”, a 450-kilometre circular route passing through the two provinces and featuring an abundance of scenic and other at

about 2 months subjunctive positive
Energy and mines growth boost Lao
Energy and mines growth boost Lao

THE LAO government says the country will earn increased revenues from the energy and mines sector this year on the back of continued growth.

about 2 months conditional positive
U.S. dollar closes unchanged on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 19 (CNA) The U.S. dollar ended unchanged against the Taiwan dollar at NT$30.842 Saturday.

3 days conditional negative
Dollar Exhibits Mixed Trend As Traders Look For Direction

WASHINGTON (Alliance News) - The US dollar is turning in a mixed performance against other major ...

5 days conditional positive
Forex: J$131.36 to one US dollar

KINGSTON, Jamaica — The US dollar on Wednesday, January 16 ended trading at J$131.36 down b...

5 days indicative negative

8549 LAK to USD currency converter