Historic United States dollar Lao kip

United States dollar lao kip history for February 2024. The highest quote for this month is 20832 (24/02/2024) and the lowest 20832 (24/02/2024). The difference between high and low is 0.

USD LAK average rate for February 2024 is 20745.7, the change between 01/02/2024 and 29/02/2024 is +0.38 %.

01 February 20241 USD = 20675.00 LAK
02 February 20241 USD = 20720.00 LAK
03 February 20241 USD = 20734.00 LAK
04 February 20241 USD = 20734.00 LAK
05 February 20241 USD = 20724.40 LAK
06 February 20241 USD = 20598.10 LAK
07 February 20241 USD = 20775.00 LAK
08 February 20241 USD = 20790.00 LAK
09 February 20241 USD = 20780.00 LAK
12 February 20241 USD = 20577.80 LAK
13 February 20241 USD = 20790.00 LAK
14 February 20241 USD = 20800.00 LAK
15 February 20241 USD = 20810.00 LAK
16 February 20241 USD = 20820.00 LAK
17 February 20241 USD = 20822.00 LAK
18 February 20241 USD = 20822.00 LAK
19 February 20241 USD = 20623.50 LAK
20 February 20241 USD = 20618.80 LAK
21 February 20241 USD = 20800.00 LAK
22 February 20241 USD = 20810.00 LAK
23 February 20241 USD = 20815.00 LAK
24 February 20241 USD = 20832.00 LAK
25 February 20241 USD = 20832.00 LAK
26 February 20241 USD = 20616.40 LAK
27 February 20241 USD = 20808.00 LAK
28 February 20241 USD = 20810.00 LAK
29 February 20241 USD = 20595.90 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.
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