Lao kip vietnamese dong exchange rate history (LAK VND) December 2023

Lao kip vietnamese dong history for December 2023. The highest quote for this month is 1.1954 (22/12/2023) and the lowest 1.1987 (28/12/2023). The difference between high and low is -0.28.

LAK VND average rate for December 2023 is 1.18088, the change between 01/12/2023 and 31/12/2023 is +0.29 %.

01 December 2023	1 LAK = 1.186 VND
02 December 2023	1 LAK = 1.173 VND
03 December 2023	1 LAK = 1.174 VND
04 December 2023	1 LAK = 1.185 VND
05 December 2023	1 LAK = 1.173 VND
06 December 2023	1 LAK = 1.174 VND
07 December 2023	1 LAK = 1.183 VND
08 December 2023	1 LAK = 1.174 VND
10 December 2023	1 LAK = 1.169 VND
11 December 2023	1 LAK = 1.180 VND
12 December 2023	1 LAK = 1.172 VND
13 December 2023	1 LAK = 1.183 VND
14 December 2023	1 LAK = 1.174 VND
15 December 2023	1 LAK = 1.176 VND
16 December 2023	1 LAK = 1.180 VND
17 December 2023	1 LAK = 1.180 VND
18 December 2023	1 LAK = 1.186 VND
19 December 2023	1 LAK = 1.195 VND
20 December 2023	1 LAK = 1.189 VND
21 December 2023	1 LAK = 1.184 VND
22 December 2023	1 LAK = 1.182 VND
23 December 2023	1 LAK = 1.184 VND
24 December 2023	1 LAK = 1.179 VND
25 December 2023	1 LAK = 1.190 VND
26 December 2023	1 LAK = 1.189 VND
27 December 2023	1 LAK = 1.185 VND
28 December 2023	1 LAK = 1.182 VND
29 December 2023	1 LAK = 1.182 VND

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.