Converting from Lao Kip (LAK) to Cambodia Riel (KHR)

What is Lao Kip (LAK)

The Lao Kip (LAK) is the official currency of Laos, a landlocked country in Southeast Asia. Introduced in 1955, the Kip is subdivided into 100 att (although att coins are rarely used). The symbol for the Kip is ₭, and its currency code is LAK. The Kip has experienced periods of high inflation, which has significantly affected its value over the years.

In Laos, the Kip is widely accepted for everyday transactions including shopping, dining, and transportation. While the Kip is the main currency, the US Dollar and Thai Baht are also commonly used in certain areas, especially in tourist regions. Therefore, when converting Lao Kip, it’s essential to consider exchange rates not only with Cambodia Riel (KHR) but also with other strong currencies.

What is Cambodia Riel (KHR)

The Cambodia Riel (KHR) is the official currency of Cambodia, a vibrant country known for its rich history and cultural heritage. The Riel was first introduced in 1980 and consists of 100 sen. The symbol for Riel is ៛, and its currency code is KHR. While the Riel is the primary currency in Cambodia, the US Dollar is widely accepted and often used for larger transactions and in urban areas.

The value of the Riel has fluctuated over time, but it tends to be stable in relation to the Dollar. This dual currency system means that travelers in Cambodia may find themselves frequently converting between Riel and Dollars. However, it is still important to understand the value of the Riel, especially when making smaller purchases or transactions in local markets.

Converting from LAK to KHR

When converting Lao Kip (LAK) to Cambodian Riel (KHR), it is crucial to be aware of the current exchange rate. Exchange rates can vary frequently due to market forces, so checking a reliable financial news source or using a currency converter app can be beneficial.

As of now, the approximate conversion rate can be expressed as:

1 LAK ≈ 0.00017 KHR

This means that to convert Lao Kip to Cambodia Riel, you must multiply the amount in Kip by the current exchange rate.

For example, if you are converting 100,000 LAK into KHR:

100,000 LAK × 0.00017 KHR/LAK ≈ 17 KHR

Always consider any fees or commissions that may apply if you are exchanging currency at a bank, exchange office, or online platform. Having an understanding of both currencies will help travelers manage their finances more efficiently while navigating the beautiful landscapes of Laos and Cambodia.