New Currencies: Laotian Kip and Myanmar Kyat
If you haven’t heard of Myanmar or Laos, then perhaps you’ve heard of their neighbour, Thailand. Similar to Thailand, Myanmar (formerly known as Burma) and Laos also offer a lavish and beautiful getaway to a land full of unique culture, food, and sights.
Bargain Bon Voyage
In 2018 alone, close to 60,000 Americans made their way to Yangon, Myanmar. As for the monastic land of Laos, nearly 70,000 Americans traveled to the country to see its mountains, monasteries, and monkeys...yes, we said monkeys!
Essentially, a lot of tourists are making their way to these two countries to experience an escape that is affordable. According to Dave from the Go Backpacking blog, he only spent anywhere from $10-$15 USD a day in Laos. It’s worth noting that in the time he was there, he was able to enjoy a 3 day river boat cruise, tubing in Vang Vieng, and enough sightseeing to make instagram travelers jealous.
Essentially, a lot of tourists are making their way to these two countries to experience an escape that is affordable. According to Dave from the Go Backpacking blog, he only spent anywhere from $10-$15 USD a day in Laos. It’s worth noting that in the time he was there, he was able to enjoy a 3 day river boat cruise, tubing in Vang Vieng, and enough sightseeing to make instagram travelers jealous.
Conversion
On average you can exchange 1 USD for roughly 1508 Myanmar Kyat (MMK), and 1 USD for 8692.50 Laotian Kip (LAK). However, please note that service rates are not included here, and conversion rates for currency exchange is incredibly volatile.
Exchange with CXI
If you’re looking to learn more about exchanging your currency for the Myanmar Kyat or Laotian Kip, visit our website at www.cxifx.com/currencies.
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations, and travelers. Products and services for international travelers include access to buy and sell more than 80 foreign currencies, gold bullion coins and bars. For financial institutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com