Convert Lao Kip to Swedish Krona
Convert Lao Kip (LAK) to Swedish Krona (SEK) 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 Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden. Despite being an EU member since 1995, Sweden held a referendum in 2003 in which voters rejected adopting the Euro, and Sweden has since maintained the krona with no current plans for Eurozone entry. The Riksbank, established in 1668, is the world's oldest central bank and manages monetary policy. Sweden has a highly developed, export-oriented economy known for brands like IKEA, Volvo, H&M, Ericsson, and Spotify. The krona is divided into 100 ore, though ore coins are no longer issued.
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).