Convert Lao Kip to Hungarian Forint
Convert Lao Kip (LAK) to Hungarian Forint (HUF) using daily updated exchange rates.
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Exchange Rate
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About Lao Kip
The Lao Kip (LAK) is the official currency of the Lao People's Democratic Republic (Laos), a landlocked Southeast Asian country bordered by China, Vietnam, Myanmar, Cambodia, and Thailand. The current kip was introduced in 1979 when the communist Pathet Lao government unified the country's divided monetary system. The Bank of the Lao P.D.R. manages monetary policy. Laos is one of Southeast Asia's least developed countries, with an economy increasingly based on hydropower exports to neighbouring countries, mining, tourism, and agriculture.
About Hungarian Forint
The Hungarian Forint (HUF) has been the official currency of Hungary since 1 August 1946, introduced as part of a post-World War II monetary reform that ended one of history's worst hyperinflations - at its peak, prices doubled every 15 hours. The word "forint" derives from the Italian city of Florence (fiorino d'oro). Hungary has been an EU member since 2004 but has not yet adopted the Euro. The Magyar Nemzeti Bank (Magyar National Bank) manages monetary policy. Hungary's economy is strongly integrated with Western European supply chains, particularly the automotive sector.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).