EURL
EUR/LAK
Market Open
12 Jun, 11:19
25,736. 00
LAK +601
+2.3911%
1 Volume
25,135 LAK
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EURLAK Overview
EURLAK denotes the exchange rate of the Euro (EUR) expressed in Lao Kip (LAK), indicating how many kip are required to buy one euro. It tracks the relative value between a major global currency and the national currency of Laos.
The euro is the common currency of the Eurozone, used by member states of the European Union that have adopted it for domestic transactions. Issued and managed by the European Central Bank (ECB), the euro is a principal currency in international trade and foreign exchange markets.
The Lao kip is the official currency of the Lao People’s Democratic Republic (Laos) in Southeast Asia, and is issued by the Bank of the Lao P.D.R. The kip is less prominent on global FX markets and is influenced strongly by domestic economic conditions and regional trade dynamics.
Movements in the EURLAK rate are driven by supply and demand for euros and kip, shaped by interest rate differentials, inflation trends, central bank policy and interventions, trade balances, capital flows and geopolitical developments. Market sentiment and liquidity conditions also affect short-term volatility.
For businesses, traders and investors, monitoring EURLAK is important for pricing imports and exports, hedging currency exposure, managing remittance flows and executing speculative strategies tied to macroeconomic or policy shifts.
The euro is the common currency of the Eurozone, used by member states of the European Union that have adopted it for domestic transactions. Issued and managed by the European Central Bank (ECB), the euro is a principal currency in international trade and foreign exchange markets.
The Lao kip is the official currency of the Lao People’s Democratic Republic (Laos) in Southeast Asia, and is issued by the Bank of the Lao P.D.R. The kip is less prominent on global FX markets and is influenced strongly by domestic economic conditions and regional trade dynamics.
Movements in the EURLAK rate are driven by supply and demand for euros and kip, shaped by interest rate differentials, inflation trends, central bank policy and interventions, trade balances, capital flows and geopolitical developments. Market sentiment and liquidity conditions also affect short-term volatility.
For businesses, traders and investors, monitoring EURLAK is important for pricing imports and exports, hedging currency exposure, managing remittance flows and executing speculative strategies tied to macroeconomic or policy shifts.
EURLAK Chart
EURLAK FAQ
What is the current EUR/LAK price?
The current rate is 25,736.000000 LAK, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the EUR/LAK rate changed today?
The rate has changed by +601 (+2.3911%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was 25,135.000000 LAK, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is EUR/LAK moving up or down?
Movements in EUR/LAK are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+2.3911%) is based on the difference between the current rate and the previous closing rate.
Is EUR/LAK trending up or down right now?
If the current rate (25,736.000000 LAK) is above the previous close (25,135.000000 LAK), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for EUR/LAK directly on this page.
