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.