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

Lao kip vietnamese dong history for November 2023. The highest quote for this month is 1.2009 (02/11/2023) and the lowest 1.2043 (02/11/2023). The difference between high and low is -0.28.

LAK VND average rate for November 2023 is 1.17959, the change between 01/11/2023 and 30/11/2023 is +1.01 %.

01 November 2023	1 LAK = 1.187 VND
02 November 2023	1 LAK = 1.188 VND
03 November 2023	1 LAK = 1.200 VND
06 November 2023	1 LAK = 1.206 VND
07 November 2023	1 LAK = 1.177 VND
08 November 2023	1 LAK = 1.176 VND
09 November 2023	1 LAK = 1.177 VND
10 November 2023	1 LAK = 1.175 VND
12 November 2023	1 LAK = 1.173 VND
13 November 2023	1 LAK = 1.189 VND
14 November 2023	1 LAK = 1.178 VND
15 November 2023	1 LAK = 1.177 VND
16 November 2023	1 LAK = 1.174 VND
17 November 2023	1 LAK = 1.175 VND
18 November 2023	1 LAK = 1.172 VND
19 November 2023	1 LAK = 1.172 VND
20 November 2023	1 LAK = 1.188 VND
21 November 2023	1 LAK = 1.169 VND
22 November 2023	1 LAK = 1.168 VND
23 November 2023	1 LAK = 1.184 VND
24 November 2023	1 LAK = 1.182 VND
26 November 2023	1 LAK = 1.173 VND
27 November 2023	1 LAK = 1.189 VND
28 November 2023	1 LAK = 1.173 VND
29 November 2023	1 LAK = 1.174 VND
30 November 2023	1 LAK = 1.175 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.