Tongan paʻanga lao kip exchange rate history (TOP LAK) November 2023

Tongan paʻanga lao kip history for November 2023. The highest quote for this month is 8799.23 (26/11/2023) and the lowest 9178.6 (07/11/2023). The difference between high and low is -4.31.

TOP LAK average rate for November 2023 is 8767.57625, the change between 01/11/2023 and 30/11/2023 is -1.66 %.

01 November 2023	1 TOP = 8694.92 LAK
06 November 2023	1 TOP = 9105.82 LAK
07 November 2023	1 TOP = 9262.58 LAK
08 November 2023	1 TOP = 8702.79 LAK
09 November 2023	1 TOP = 8765.24 LAK
10 November 2023	1 TOP = 8767.62 LAK
12 November 2023	1 TOP = 8779.48 LAK
13 November 2023	1 TOP = 8635.81 LAK
14 November 2023	1 TOP = 8746.73 LAK
15 November 2023	1 TOP = 8805.02 LAK
16 November 2023	1 TOP = 8746.41 LAK
17 November 2023	1 TOP = 8715.44 LAK
18 November 2023	1 TOP = 8722.61 LAK
19 November 2023	1 TOP = 8722.61 LAK
20 November 2023	1 TOP = 8579.61 LAK
21 November 2023	1 TOP = 8703.06 LAK
22 November 2023	1 TOP = 8655.22 LAK
23 November 2023	1 TOP = 8567.14 LAK
24 November 2023	1 TOP = 8724.11 LAK
26 November 2023	1 TOP = 8799.23 LAK
27 November 2023	1 TOP = 8696.03 LAK
28 November 2023	1 TOP = 8841.41 LAK
29 November 2023	1 TOP = 8843.55 LAK
30 November 2023	1 TOP = 8839.39 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.

Historic Tongan paʻanga Lao kip