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 NZD11 832.82621665402 LAK
2 NZD23 665.65243330803 LAK
3 NZD35 498.47864996205 LAK
4 NZD47 331.30486661606 LAK
5 NZD59 164.13108327008 LAK
6 NZD70 996.95729992409 LAK
7 NZD82 829.78351657811 LAK
8 NZD94 662.60973323212 LAK
9 NZD106 495.43594988614 LAK
10 NZD118 328.26216654016 LAK
100 NZD1 183 282.62166540155 LAK
200 NZD2 366 565.24333080311 LAK
300 NZD3 549 847.86499620466 LAK
400 NZD4 733 130.48666160621 LAK
500 NZD5 916 413.10832700777 LAK
600 NZD7 099 695.72999240932 LAK
700 NZD8 282 978.35165781087 LAK
800 NZD9 466 260.97332321243 LAK
900 NZD10 649 543.59498861398 LAK
1 000 NZD11 832 826.21665401553 LAK
2 000 NZD23 665 652.43330803107 LAK
5 000 NZD59 164 131.08327007766 LAK
10 000 NZD118 328 262.16654015533 LAK
20 000 NZD236 656 524.33308031066 LAK
50 000 NZD591 641 310.83270077664 LAK
100 000 NZD1 183 282 621.66540155328 LAK
Last updated March 17, 2025 at 08:55 PM