Lao Kip
Our exchange rates are locked in every weekday at our branches around 8 am EST. The rate shown when you make the online reservation is the exchange rate of that day, so it is good for that day only. The exchange rate you pay will be that of the day when you actually pick up and pay for the currency. The indication rate gives you a good reference point as currency exchange rates typically move less than 3% day to day.
19212.2958 LAK = $1 USD
Symbol:
₭
Currency Code:
LAK
The Lao kip is the currency of Lao People’s Democratic Republic. The banknotes are printed on paper. Bank of Lao PDR is responsible for issuing the Lao banknotes. The first version of the Lao kip was released in 1945 until the French authorities took control of the region. However, the Lao kip has been the official currency of Laos since it was reintroduce in 1952, when it replaced the French Indochinese Piastre at par.
Did You Know?
These items cost the USD equivalent in the city of Vientiane, Laos*:
- Cab Ride: $5.00 USD per hour
- Budget Dinner for 2: $20.00 USD
- Pint of Beer: $1.00 USD
- *Figures are based on 2022 data. Information is subject to change as exchange rates and cost of goods fluctuate.