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 715.89964409038 LAK
2 NZD23 431.79928818076 LAK
3 NZD35 147.69893227114 LAK
4 NZD46 863.59857636152 LAK
5 NZD58 579.49822045189 LAK
6 NZD70 295.39786454227 LAK
7 NZD82 011.29750863265 LAK
8 NZD93 727.19715272303 LAK
9 NZD105 443.09679681341 LAK
10 NZD117 158.99644090379 LAK
100 NZD1 171 589.96440903788 LAK
200 NZD2 343 179.92881807576 LAK
300 NZD3 514 769.89322711364 LAK
400 NZD4 686 359.85763615152 LAK
500 NZD5 857 949.82204518939 LAK
600 NZD7 029 539.78645422727 LAK
700 NZD8 201 129.75086326515 LAK
800 NZD9 372 719.71527230303 LAK
900 NZD10 544 309.67968134091 LAK
1 000 NZD11 715 899.64409037879 LAK
2 000 NZD23 431 799.28818075758 LAK
5 000 NZD58 579 498.22045189394 LAK
10 000 NZD117 158 996.44090378788 LAK
20 000 NZD234 317 992.88180757575 LAK
50 000 NZD585 794 982.20451893939 LAK
100 000 NZD1 171 589 964.40903787877 LAK
Last updated March 14, 2025 at 11:55 PM