Convert Lao Kip to Russian Ruble
Convert Lao Kip (LAK) to Russian Ruble (RUB) 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 Russian Ruble
The Russian Ruble (RUB) is one of the world's oldest currencies, with roots dating to the 13th century as a silver ingot used in medieval Kievan Rus. The Bank of Russia manages monetary policy with a floating exchange rate, adopted in 2014. Following Russia's invasion of Ukraine in February 2022, the ruble experienced a sharp depreciation due to unprecedented international sanctions but subsequently recovered due to capital controls, mandatory export revenue conversion, and high energy prices.
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).