Historic Lao kip Vietnamese dong

Lao kip vietnamese dong history for January 2024. The highest quote for this month is 1.2022 (24/01/2024) and the lowest 1.2011 (12/01/2024). The difference between high and low is 0.09.

LAK VND average rate for January 2024 is 1.19051, the change between 01/01/2024 and 31/01/2024 is +1.02 %.

01 January 20241 LAK = 1.192 VND
02 January 20241 LAK = 1.191 VND
03 January 20241 LAK = 1.187 VND
04 January 20241 LAK = 1.189 VND
05 January 20241 LAK = 1.183 VND
06 January 20241 LAK = 1.184 VND
07 January 20241 LAK = 1.184 VND
08 January 20241 LAK = 1.199 VND
09 January 20241 LAK = 1.182 VND
10 January 20241 LAK = 1.196 VND
11 January 20241 LAK = 1.186 VND
12 January 20241 LAK = 1.190 VND
14 January 20241 LAK = 1.189 VND
15 January 20241 LAK = 1.202 VND
16 January 20241 LAK = 1.200 VND
17 January 20241 LAK = 1.199 VND
18 January 20241 LAK = 1.187 VND
19 January 20241 LAK = 1.189 VND
22 January 20241 LAK = 1.201 VND
23 January 20241 LAK = 1.190 VND
24 January 20241 LAK = 1.190 VND
25 January 20241 LAK = 1.190 VND
26 January 20241 LAK = 1.191 VND
28 January 20241 LAK = 1.188 VND
29 January 20241 LAK = 1.199 VND
30 January 20241 LAK = 1.187 VND
31 January 20241 LAK = 1.180 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
LAK VND October 2023
LAK VND November 2023
LAK VND December 2023
LAK VND January 2024
LAK VND February 2024
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LAK VND April 2024
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LAK VND July 2024
LAK VND August 2024