This is a foreign exchange guide to Laos, the Laotian Kip currency plus LAK transfers and travel tips.
In this Laos currency guide we take a look at :
- Laotian Kip info - general info about the Laotian Kip
- Laotian Kip in the markets - recent LAK moves and predictions from the FX markets
- Travelling in Laos - currency & money saving tips
- Buying Laotian Kip cash online - travel money for Laos
- Sending money to Laos - save on Laotian Kip bank transfers to Laos
- Laotian Kip exchange rates - latest & historic exchange rates.
Laotian Kip (LAK) general currency information
What is the Laotian Kip currency code and symbol?
The three letter currency code for the Laotian Kip is LAK and the symbol is ₭.
Is the Laotian Kip a closed currency?
Yes the Laotian Kip is a closed currency. Which means that you will not be able to purchase the currency (LAK) before departure and will need to buy it upon arrival. For more information and a full list of closed currencies please refer to our guide: What is a closed currency?
Which countries use the Laotian Kip?
It is the domestic currency in Laos.
Laotian Kip (LAK) in the markets
The interactive chart below shows the USD to LAK exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for Laos
US cash and Thai baht is commonly used for larger purchases. Kip is a non-convertible currency, meaning once you have left Laos, its useful only as wallpaper!
Banks outside Laos will not accept nor exchange kip. International access ATMs dispensing US dollars can be found in most major tourist centres across the country.
You will need to have USD20 for the Cambodian visa and USD30 for the Laos visa.(Don't forget to have your passport photos handy). Just check the cost for your Lao visa - prices vary a little depending on where you are from.
You should use the ATMs for local currency (Kip). Some take USD, but not everywhere and local is preferred. Credit cards are not widely used - some very high end restaurants may have facilities but certainly no street restaurant will.
Public transport is relatively comprehensive and inexpensive, but very, very slow. Driving standards are woeful and seatbelts are close to non-existent, but speeds do tend to be slow. Motorcycle taxis are a very common way to get around. Don't expect the bus to leave on time, nor for your mojito to have enough mint in it.
The tourism industry is developing and considerable resources are being poured into training, particularly in Luang Prabang.
Outside of the main tourist centres, don't be surprised by the complete lack of tourist infrastructure. Don't let the slow buses put you off. Laos is a fascinating destination. It takes a long time to get around -- especially in the north -- so don't try to bite off more than you can chew.
In Laos, less is more: See fewer places for longer stretches and you'll have a better time.
Travel money for Laos
As mentioned above, the Laotian Kip is a closed currency. Which means that you will not be able to purchase the currency (LAK) before departure and will need to buy it upon arrival in Laos.
For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the LAK you will incur currency conversion or foreign transaction fees if you use a travel money card in Laos.
However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.
Laos Trip Checklist
Sending money to Laos
When searching around for information on how to get a good exchange rate when sending money to Laos you need to start with finding out the latest Laotian Kip foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Get a better deal for foreign transfers to Laos
When sending money to Laos it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Laotian Kip amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted LAK amount will be transfered to the recipient account you specify in Laos.
Use our Send to LAK calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Laotian Kip deposited into the recipient bank account and less margins and fees kept by the banks!
Bank Transfers to Laos
Popular LAK cross rates
LAK/USD - Laotian Kip to United States Dollar - 10 Year History
|02 Dec 2018||0.000117||1 Week|
|09 Nov 2018||0.000117||1 Month|
|12 Jun 2018||0.000119||6 Months|
|09 Dec 2017||0.000120||1 Year|
|09 Dec 2016||0.000122||2 Years|
|10 Dec 2013||0.000125||5 Years|
|11 Dec 2008||0.000117||10 Years|
LAK/EUR - Laotian Kip to Euro - 10 Year History
|02 Dec 2018||0.000103||1 Week|
|09 Nov 2018||0.000103||1 Month|
|12 Jun 2018||0.000102||6 Months|
|09 Dec 2017||0.000102||1 Year|
|09 Dec 2016||0.000116||2 Years|
|10 Dec 2013||0.000091||5 Years|
|11 Dec 2008||0.000088||10 Years|
LAK/GBP - Laotian Kip to British Pound Sterling - 10 Year History
|02 Dec 2018||0.000091||1 Week|
|09 Nov 2018||0.000090||1 Month|
|12 Jun 2018||0.000089||6 Months|
|09 Dec 2017||0.000090||1 Year|
|09 Dec 2016||0.000097||2 Years|
|10 Dec 2013||0.000076||5 Years|
|11 Dec 2008||0.000078||10 Years|
LAK/JPY - Laotian Kip to Japanese Yen - 10 Year History
|02 Dec 2018||0.0133||1 Week|
|09 Nov 2018||0.0133||1 Month|
|12 Jun 2018||0.0132||6 Months|
|09 Dec 2017||0.0137||1 Year|
|09 Dec 2016||0.0141||2 Years|
|10 Dec 2013||0.0128||5 Years|
|11 Dec 2008||0.0107||10 Years|
LAK/AUD - Laotian Kip to Australian Dollar - 10 Year History
|02 Dec 2018||0.000158||1 Week|
|09 Nov 2018||0.000162||1 Month|
|12 Jun 2018||0.000158||6 Months|
|09 Dec 2017||0.000160||1 Year|
|09 Dec 2016||0.000164||2 Years|
|10 Dec 2013||0.000137||5 Years|
|11 Dec 2008||0.000175||10 Years|
LAK/CAD - Laotian Kip to Canadian Dollar - 10 Year History
|02 Dec 2018||0.000154||1 Week|
|09 Nov 2018||0.000155||1 Month|
|12 Jun 2018||0.000155||6 Months|
|09 Dec 2017||0.000155||1 Year|
|09 Dec 2016||0.000161||2 Years|
|10 Dec 2013||0.000133||5 Years|
|11 Dec 2008||0.000144||10 Years|