Historic Lao kip Vietnamese dong

Lao kip vietnamese dong history for February 2024. The highest quote for this month is 1.1934 (29/02/2024) and the lowest 1.1943 (29/02/2024). The difference between high and low is -0.08.

LAK VND average rate for February 2024 is 1.17989, the change between 01/02/2024 and 29/02/2024 is -1.23 %.

01 February 20241 LAK = 1.181 VND
02 February 20241 LAK = 1.178 VND
03 February 20241 LAK = 1.174 VND
04 February 20241 LAK = 1.174 VND
05 February 20241 LAK = 1.174 VND
06 February 20241 LAK = 1.183 VND
07 February 20241 LAK = 1.172 VND
08 February 20241 LAK = 1.174 VND
09 February 20241 LAK = 1.174 VND
12 February 20241 LAK = 1.186 VND
13 February 20241 LAK = 1.174 VND
14 February 20241 LAK = 1.173 VND
15 February 20241 LAK = 1.173 VND
16 February 20241 LAK = 1.174 VND
17 February 20241 LAK = 1.177 VND
18 February 20241 LAK = 1.177 VND
19 February 20241 LAK = 1.188 VND
20 February 20241 LAK = 1.190 VND
21 February 20241 LAK = 1.179 VND
22 February 20241 LAK = 1.179 VND
23 February 20241 LAK = 1.181 VND
24 February 20241 LAK = 1.182 VND
25 February 20241 LAK = 1.182 VND
26 February 20241 LAK = 1.195 VND
27 February 20241 LAK = 1.185 VND
28 February 20241 LAK = 1.183 VND
29 February 20241 LAK = 1.195 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.
LAK VND August 2023
LAK VND September 2023
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LAK VND January 2024
LAK VND February 2024
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LAK VND August 2024