The Kip has been in use since 1952. Lao Kip usually comes in two main types: metal coins and paper money.
The main denominations of Lao kip are: 1 kip, 5 kip, 10 kip, 20 kip, 100 kip, 1000 kip, 5000 kip, 10,000 kip, 20,000 kip and 50,000 kip.
How much is a Lao Kip in Vietnamese Dong?
According to the exchange rate update on webgia.com on January 5, 2024, 1 LAK = 1.17 VND. The average LAK exchange rate is calculated from data of 5 banks that support Lao Kip transactions including: BIDV , MB, Sacombank, VietinBank, VRB.
Lao kip. (Photo: Asiatimes.com)
Based on the above exchange rate, you can convert Lao Kip denominations to Vietnamese currency as follows:
5 lAK = 5 x 1.17 = 5.85 VND
10 lAK = 10 x 1.17 = 11.7 VND
20 lAK = 20 x 1.17 = 23.4 VND
100 LAK = 100 x 1.17 = 117 VND
1000 LAK = 1000 x 1.17 = 1,170 VND
2000 LAK = 2000 x 1.17 = 2,340 VND
5000 LAK = 5000 x 1.17 = 5,850 VND
10000 LAK = 10,000 x 1.17 = 11,700 VND
Things to note when exchanging Lao Kip
- Most joint stock commercial banks have services to buy, sell and exchange Lao Kip to Vietnamese Dong. However, small bank branches usually do not have Lao currency available for exchange. Therefore, before going to banks to exchange money, customers should call to ask about the procedures and methods for exchanging this currency.
- Before exchanging Lao Kip, customers should follow the Lao Kip exchange rate at banks such as Vietcombank, Techcombank , Viettinbank... These are large banks with a system of transaction offices distributed in provinces and cities across the country. Exchanging Lao Kip to Vietnamese currency at these banks will bring convenience and safety.
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