Swedish krona lao kip history for October 2023. The highest quote for this month is 1881.3 (17/10/2023) and the lowest 1880.89 (20/10/2023). The difference between high and low is 0.02.
SEK LAK average rate for October 2023 is 1859.05909, the change between 01/10/2023 and 31/10/2023 is -0.45 %.
| 02 October 2023 | 1 SEK = 1849.55 LAK |
| 03 October 2023 | 1 SEK = 1838.03 LAK |
| 04 October 2023 | 1 SEK = 1837.37 LAK |
| 05 October 2023 | 1 SEK = 1847.85 LAK |
| 06 October 2023 | 1 SEK = 1836.01 LAK |
| 09 October 2023 | 1 SEK = 1837.95 LAK |
| 10 October 2023 | 1 SEK = 1852.22 LAK |
| 11 October 2023 | 1 SEK = 1881.40 LAK |
| 12 October 2023 | 1 SEK = 1878.56 LAK |
| 13 October 2023 | 1 SEK = 1865.01 LAK |
| 16 October 2023 | 1 SEK = 1856.30 LAK |
| 17 October 2023 | 1 SEK = 1888.61 LAK |
| 18 October 2023 | 1 SEK = 1889.12 LAK |
| 19 October 2023 | 1 SEK = 1852.33 LAK |
| 20 October 2023 | 1 SEK = 1888.14 LAK |
| 23 October 2023 | 1 SEK = 1861.25 LAK |
| 24 October 2023 | 1 SEK = 1885.12 LAK |
| 25 October 2023 | 1 SEK = 1857.16 LAK |
| 26 October 2023 | 1 SEK = 1853.60 LAK |
| 27 October 2023 | 1 SEK = 1853.31 LAK |
| 30 October 2023 | 1 SEK = 1832.54 LAK |
| 31 October 2023 | 1 SEK = 1857.87 LAK |
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.