Ethereum to Lao Kip - conversion and exchange ETH/LAK
60,185,707.95 LAKper 1 ETH−0.14% over 24hCalculation refreshed today at 17:331 ETH = 60,185,707.95 LAKOfficial rate; the final rate in the request may differ.
UAE licence No. 9966786413 Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and a smart contract platform launched in 2015. The transition to the Proof-of-Stake mechanism (The Merge, 2022) significantly reduced network energy consumption. ETH is used as the base currency for paying network fees (gas) within the Ethereum network and for most ERC-20 standard tokens. The ETH rate is volatile and depends on network demand, development activity, overall cryptocurrency market conditions, and the regulatory environment.
Lao Kip (LAK) is the national currency of Laos, issued by the Bank of the Lao PDR; 1 kip = 100 ats. The exchange rate operates as a managed float with reference to the US dollar and Thai baht. The currency is subject to inflationary pressure; the US dollar and Thai baht are widely used in the country for major transactions. ATM24 helps you exchange ETH for LAK through a manager: the ETH/LAK rate is confirmed before payment, which is especially important given Ethereum's volatility.