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

Tongan paʻanga lao kip history for October 2023. The highest quote for this month is 8711.23 (21/10/2023) and the lowest 8746.64 (23/10/2023). The difference between high and low is -0.41.

TOP LAK average rate for October 2023 is 8628.5504, the change between 01/10/2023 and 31/10/2023 is +0.27 %.

01 October 2023	1 TOP = 8597.59 LAK
03 October 2023	1 TOP = 8549.42 LAK
04 October 2023	1 TOP = 8566.26 LAK
06 October 2023	1 TOP = 8502.34 LAK
07 October 2023	1 TOP = 8608.28 LAK
09 October 2023	1 TOP = 8518.72 LAK
10 October 2023	1 TOP = 8582.97 LAK
11 October 2023	1 TOP = 8692.14 LAK
13 October 2023	1 TOP = 8653.76 LAK
16 October 2023	1 TOP = 8624.41 LAK
17 October 2023	1 TOP = 8715.03 LAK
18 October 2023	1 TOP = 8686.13 LAK
19 October 2023	1 TOP = 8587.00 LAK
20 October 2023	1 TOP = 8707.01 LAK
21 October 2023	1 TOP = 8711.23 LAK
22 October 2023	1 TOP = 8682.32 LAK
23 October 2023	1 TOP = 8590.24 LAK
24 October 2023	1 TOP = 8759.95 LAK
25 October 2023	1 TOP = 8671.73 LAK
26 October 2023	1 TOP = 8609.55 LAK
27 October 2023	1 TOP = 8626.09 LAK
28 October 2023	1 TOP = 8649.48 LAK
29 October 2023	1 TOP = 8649.48 LAK
30 October 2023	1 TOP = 8598.01 LAK
31 October 2023	1 TOP = 8574.62 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