Lao Kip to Vietnam Dong Exchange Rate Information

The Lao Kip to Vietnam Dong exchange rate is a crucial piece of information for travelers and business people alike. The exchange rate can fluctuate depending on the current market conditions.

On average, the exchange rate for Lao Kip to Vietnam Dong is around 11,000 LAK to 1 VND. This rate can vary depending on the exchange provider and the current market conditions.

If you're planning to travel from Laos to Vietnam, it's essential to have a good understanding of the exchange rate to avoid any unexpected costs.

Additional reading: Exchange Rate Usd to Laos Kip

The Lao Kip is the official currency of Laos, and understanding its value relative to other currencies is crucial for financial activities between countries.

Understanding both the Lao Kip and the Vietnam Dong is fundamental for those engaging in financial activities between Laos and Vietnam.

Keeping track of exchange rates can significantly ease cross-border commerce and travel experiences.

The Vietnam Dong is the official currency of Vietnam, and its exchange rate with the Lao Kip is a key consideration for those doing business or traveling between the two countries.

For another approach, see: Laotian Kip

Converting Lao Kip to Vietnam Dong is a straightforward process, but keeping track of exchange rates can significantly ease cross-border commerce and travel experiences.

The best LAK to VND exchange rate today is 1.1630 VND, meaning for every Lao Kip you exchange, you'll receive 1.1630 Vietnamese Dong.

You can convert Lao Kips to Vietnamese Dong at any time, as the LAK and VND can be traded 24x5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York.

The period between 3-4 PM GMT is often a good time to convert Lao Kips to Vietnamese Dong because currency market liquidity and trading volume tend to be the highest during this time.

For example, if you have 100 Lao Kips, it's equivalent to 116.30 Vietnamese Dong as of January 18, 2025 01:00 PM UTC, with an exchange rate of 1.1630 Vietnamese Dong per Lao Kip.

For another approach, see: Currency Converter Us to Vietnam Dong

To get an idea of the exchange rates, here's a conversion table:

Over the past 10 years, the Vietnamese Dong has appreciated +137.14% against the Lao Kip, giving it more purchasing power compared to the Lao Kip.

The official currency of Laos is the Lao Kip (LAK), symbolized by ₭. It's used throughout the country and can be exchanged for other currencies.

You can exchange US dollars, Thai baht, Euros, UK pounds, and Canadian and Australian dollars into Lao Kip almost anywhere in Laos, including markets, hotels, and smaller stores in cities other than Vientiane or Luang Prabang.

The Bank of the Lao P.D.R. is the central bank responsible for managing the Lao Kip. The currency has various denominations, including banknotes ranging from 500 to 50,000 kip and coins in 10, 20, 50 att and 1, 5, 10, 20, 50 kip denominations.

Here's a quick rundown of the Lao Kip's exchange rate to other major currencies as of December 2024:

The currency of Vietnam is the Vietnamese dong (VND).

The VND has been in use since 3 May 1985, replacing the old Dong at a rate of 1 old Dong to 1 new Dong.

The currency symbol for the Dong is "₫".

The VND is widely used in various denominations available as banknotes, with the most common ones being 1,000 VND to 500,000 VND.

A simple meal can cost around 50,000 VND in Vietnam, which is a small amount of money in the context of local purchasing power.

The exchange rate between the Lao Kip (LAK) and the Vietnamese Dong (VND) can vary due to market conditions, trade agreements, and fiscal policies.

As of recent data, the rough exchange rate is around 1 LAK ≈ 0.0035 VND.

To convert from LAK to VND effectively, it's advisable to check the most up-to-date exchange rate through financial institutions or online resources.

Here's a list of some common Vietnamese dong denominations:

The official currency in Laos is the Lao Kip (LAK), and its symbol is ₭. You can exchange your money for Lao Kip at banks or licensed money changers in major towns.

The Lao Kip has banknotes available in denominations of 1, 5, 10, 20, 50, 100, 500, 1000, 2000, 5000, 10000, 20000, and 50000 kip.

Coins are also available in Laos, with denominations of 10, 20, 50 att and 1, 5, 10, 20, 50 kip.

US dollars, Thai baht, Euros, UK pounds, and Canadian and Australian dollars are the best currencies to take for exchanging into Lao Kip.

Vietnamese Dong (VND) is also accepted to exchange into Lao Kip in Luang Prabang and Vientiane.

Here's a rough idea of the current exchange rates: 1 USD is approximately equal to 21,800 LAK, 1 EUR is approximately equal to 23,000 LAK, and 1 THB is approximately equal to 634 LAK.

See what others are reading: Dong Currency Denominations

The Lao Kip has a rich history that dates back to 1945, when it first appeared in circulation as the "Kip of Free Laos". It only lasted for two years before the French took control of the country.

The French occupation led to the introduction of the French Indochina Piastra, which replaced the Kip as the official currency of Laos from 1946 to 1953. This period is known as the French colonial era.

After gaining independence, the monarchy reinstated the Kip, now called the "Royal Kip", as the national currency at a rate of 1 Kip to 1 Piastre.

The Lao Kip (LAK) has decreased in value compared to the Vietnamese Dong (VND) in the last year, down -2.12%. This is a significant change, especially if you're planning a trip to Vietnam and need to exchange currency.

The Lao Kip has declined -57.83% against the Vietnamese Dong over the past 10 years, which means it's lost a lot of purchasing power compared to the VND. This is a long-term trend that's worth considering if you're thinking about investing in the Lao Kip.

The Vietnamese Dong has increased in value compared to the Lao Kip in the last year, up +2.16%. This is a good sign for the VND, and it might be a good time to consider exchanging your LAK for VND.

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The Lao Kip is currently stronger than the Vietnamese Dong, as 1 LAK is equal to 1.1630 VND. This is a unique situation, and it's worth keeping an eye on how the exchange rate changes over time.

The Lao Kip has decreased -0.24% year-to-date against the Vietnamese Dong, which is a relatively small change. However, it's still worth noting if you're following the exchange rate closely.