Convert Lao Kip to Mozambican Metical
Convert Lao Kip (LAK) to Mozambican Metical (MZN) 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 Mozambican Metical
The Mozambican Metical (MZN) was reintroduced in 2006 at a rate of 1,000 old meticals to 1 new metical following years of inflation after Mozambique's devastating civil war that ended in 1992. The Banco de Mocambique manages monetary policy. Mozambique is a rapidly developing East African country with significant natural resources - offshore natural gas fields discovered in the Rovuma Basin are among the world's largest, positioning Mozambique for major LNG exports. The country also exports prawns, coal, aluminium, and cashew nuts. The metical is divided into 100 centavos.
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).