Convert 1 Latvian Lats (LVL) to Lithuanian Litas (LTL)
Exchange rates used for currency conversion updated on 25th May 2019 ( 25/05/2019 )
Below you will find the latest exchange rate for exchanging Latvian Lats (LVL) to Lithuanian Litas (LTL) , a table containing most common conversions and a chart with the pair's evolution.
The Latvian Lats (LVL) to Lithuanian Litas (LTL) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The Latvian official currency is the lats. Lats are each subdivided into santimi and there are commemorative coins distributed by the Bank of Latvia as well. The Lats is the fourth most valuable currency form in the world coming in behind only the Kuwaiti dinar, the Bahraini dinar and the Omani rial. The lats was reintroduced as the country’s official currency in 1993 after being replaced by the rublis for a short period of time. The Lats is currently under consideration to be replaced completely by the euro sometime in the near future.
About Lithuanian Litas (LTL)
The official currency of Lithuania is called the Lithuanian litas with the plural being litai or lit?. the symbol for the litas is "Lt" and each litas is made of 100 centas, symbolized by "ct". The currency code for the Lithuanian litas is LTL.
The Bank of Lithuania issues the LTL coins in values of 1ct, 2ct, 5ct, 10ct, 20ct, and 50ct, as well as Lt 1, Lt 2, and Lt 5. The banknotes are issued in values of Lt 10, Lt 20, Lt 50, Lt 100, Lt 200, and Lt 500.
The central bank of Lithuania is already a member of the European System of Central Banks who, along with the Lithuanian government, are implementing policies for the eventual inclusion of Lithuania into the eurozone and thus the full replacement of the LTL with the euro.