Historic Tongan paʻanga Lao kip

Tongan paʻanga lao kip history for February 2024. The highest quote for this month is 8953.55 (20/02/2024) and the lowest 8924.19 (20/02/2024). The difference between high and low is 0.33.

TOP LAK average rate for February 2024 is 8838.10741, the change between 01/02/2024 and 29/02/2024 is -0.02 %.

01 February 20241 TOP = 8756.88 LAK
02 February 20241 TOP = 8815.52 LAK
03 February 20241 TOP = 8821.48 LAK
04 February 20241 TOP = 8821.48 LAK
05 February 20241 TOP = 8775.59 LAK
06 February 20241 TOP = 8701.45 LAK
07 February 20241 TOP = 8734.50 LAK
08 February 20241 TOP = 8809.70 LAK
09 February 20241 TOP = 8951.11 LAK
12 February 20241 TOP = 8804.48 LAK
13 February 20241 TOP = 8901.35 LAK
14 February 20241 TOP = 8862.00 LAK
15 February 20241 TOP = 8878.74 LAK
16 February 20241 TOP = 8901.62 LAK
17 February 20241 TOP = 8902.48 LAK
18 February 20241 TOP = 8902.48 LAK
19 February 20241 TOP = 8817.62 LAK
20 February 20241 TOP = 8875.55 LAK
21 February 20241 TOP = 8912.12 LAK
22 February 20241 TOP = 8859.84 LAK
23 February 20241 TOP = 8868.39 LAK
24 February 20241 TOP = 8875.63 LAK
25 February 20241 TOP = 8875.63 LAK
26 February 20241 TOP = 8742.45 LAK
27 February 20241 TOP = 8781.97 LAK
28 February 20241 TOP = 8920.23 LAK
29 February 20241 TOP = 8758.61 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.

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

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.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

02/07/1997: Lao kip devalued

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

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

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.
TOP LAK August 2023
TOP LAK September 2023
TOP LAK October 2023
TOP LAK November 2023
TOP LAK December 2023
TOP LAK January 2024
TOP LAK February 2024
TOP LAK March 2024
TOP LAK April 2024
TOP LAK May 2024
TOP LAK June 2024
TOP LAK July 2024
TOP LAK August 2024