Laos: Currency statistics - NationMaster.com

FACTOID # 1: ‘Dollar’ is the most common currency name, followed by ‘franc,’ ‘pound,’ ‘dinar,’ ‘peso,’ and ‘rupee.’

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Southeast Asia > Laos > Currency

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Currency	new kip
ISO code	LAK 418
DEFINITION: ISO is the International Standards Organisation ISO has specified 3 letter codes for most, if not all currencies in the world. Although the standard can be purchased from ISO's web site, the codes are often published by data vendors and in market literature.
SOURCE: Pacific Exchange Rate Services
Official exchange rate > LCU per US$, period average	10655.17
DEFINITION: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).		View time series
SOURCE: Pacific Exchange Rate Services
PPP conversion factor to official exchange rate ratio	0.24		[137th of 169]
DEFINITION: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.		View time series
SOURCE: World Development Indicators database
Regime	m.float
SOURCE: World Development Indicators database
Subdivision	100		[143rd of 192]
DEFINITION: The unit, and the number of those units, into which a nation's primary official unit of currency is most commonly divided.
SOURCE: Pacific Exchange Rate Services
Symbol	KN
SOURCE: Pacific Exchange Rate Services

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SOURCES: Pacific Exchange Rate Services; World Development Indicators database

ALTERNATIVE NAMES: Laos, Lao People's Democratic Republic, Sathalanalat Paxathipatai Paxaxon Lao, lao people’s democratic republic, lao people's dem rep., lao people's dem. rep., lao people's dem., Lao PDR, Lao People's Dem. Rep.