NZD to LAK Exchange Rate - Convert New Zealand Dollar to Lao Kip
NZD to LAK Exchange Rate - Convert New Zealand Dollar to Lao Kip
Converting from New Zealand Dollar (NZD) to Lao Kip (LAK)
What is New Zealand Dollar (NZD)
The New Zealand Dollar (NZD) is the official currency of New Zealand, as well as a few of its territories, including the Cook Islands, Niue, and Tokelau. It was introduced in 1967, replacing the New Zealand pound. The NZD is denoted by the symbol "$" or "NZ$" to distinguish it from other dollar-denominated currencies.
One New Zealand Dollar is subdivided into 100 cents. The currency is issued by the Reserve Bank of New Zealand, and its value is determined by various factors, including interest rates, inflation, and economic performance. The NZD is known for its strength and is often considered a safe-haven currency. The exchange rates fluctuate due to market conditions, which can make converting NZD to other currencies an interesting process for travelers and businesses alike.
What is Lao Kip (LAK)
The Lao Kip (LAK) is the official currency of Laos, a landlocked country located in Southeast Asia. Introduced in 1952, the Kip is represented by the symbol "₭" and is subdivided into 100 att. However, due to inflation and the devaluation of the currency, the att has become less common in everyday transactions.
The Kip is issued by the Bank of the Lao P.D.R. (People’s Democratic Republic) and is primarily used within the country for local trade and commerce. The currency's value is influenced by various economic factors, such as inflation rates, political stability, and the balance of trade. Converting Lao Kip to other currencies can often vary, making it essential for travelers to check current exchange rates.
Converting NZD to LAK
When converting from New Zealand Dollars to Lao Kip, it is essential to refer to the current exchange rate. This rate will determine how much Lao Kip you will receive for your New Zealand Dollars. The conversion process typically involves a simple calculation:
Amount in LAK = Amount in NZD × Exchange Rate (NZD to LAK)
For example, if the exchange rate is 1 NZD = 6,200 LAK, converting 10 NZD would give you:
10 NZD × 6200 = 62000 LAK
It’s important to keep in mind that exchange rates can fluctuate daily, and additional fees may apply if you are converting through a bank or currency exchange service. Utilizing online tools or visiting local exchange services can help you get the best possible rate.
In conclusion, understanding the New Zealand Dollar and Lao Kip is crucial for anyone looking to travel, do business, or engage in trade between these two countries. Always check the latest exchange rates and stay informed to ensure a smooth currency conversion experience.
New Zealand Dollar to Lao Kip conversion table
NZD to LAK conversion table
New Zealand Dollar (NZD) | Lao Kip (LAK) |
---|---|
1 NZD | 11 832.82621665402 LAK |
2 NZD | 23 665.65243330803 LAK |
3 NZD | 35 498.47864996205 LAK |
4 NZD | 47 331.30486661606 LAK |
5 NZD | 59 164.13108327008 LAK |
6 NZD | 70 996.95729992409 LAK |
7 NZD | 82 829.78351657811 LAK |
8 NZD | 94 662.60973323212 LAK |
9 NZD | 106 495.43594988614 LAK |
10 NZD | 118 328.26216654016 LAK |
100 NZD | 1 183 282.62166540155 LAK |
200 NZD | 2 366 565.24333080311 LAK |
300 NZD | 3 549 847.86499620466 LAK |
400 NZD | 4 733 130.48666160621 LAK |
500 NZD | 5 916 413.10832700777 LAK |
600 NZD | 7 099 695.72999240932 LAK |
700 NZD | 8 282 978.35165781087 LAK |
800 NZD | 9 466 260.97332321243 LAK |
900 NZD | 10 649 543.59498861398 LAK |
1 000 NZD | 11 832 826.21665401553 LAK |
2 000 NZD | 23 665 652.43330803107 LAK |
5 000 NZD | 59 164 131.08327007766 LAK |
10 000 NZD | 118 328 262.16654015533 LAK |
20 000 NZD | 236 656 524.33308031066 LAK |
50 000 NZD | 591 641 310.83270077664 LAK |
100 000 NZD | 1 183 282 621.66540155328 LAK |
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- New Zealand Dollar to Mauritius Rupee
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- New Zealand Dollar to Moldovan Leu
- New Zealand Dollar to Mongolian Tugrik
- New Zealand Dollar to Mozambican metical
- New Zealand Dollar to Mauritanian ouguiya
- New Zealand Dollar to Moroccan Dirham
- New Zealand Dollar to Myanmar Kyat
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- New Zealand Dollar to Nepalese Rupee
- New Zealand Dollar to Neth Antilles Guilder
- New Zealand Dollar to Nicaragua Cordoba
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- New Zealand Dollar to North Korean Won
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- New Zealand Dollar to Swaziland Lilageni
- New Zealand Dollar to Swedish Krona
- New Zealand Dollar to Syrian Pound
- New Zealand Dollar to Tajikistani Somoni
- New Zealand Dollar to Thai Baht
- New Zealand Dollar to Turkish Lira
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- New Zealand Dollar to Tonga Pa'ang
- New Zealand Dollar to Trinidad and Tobago Dollar
- New Zealand Dollar to Tunisian Dinar
- New Zealand Dollar to Turkmenistan Manat
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