Vietnamese dong lao kip exchange rate history (VND LAK) August 2023

Vietnamese dong lao kip history for August 2023. The highest quote for this month is 0.81575 (12/08/2023) and the lowest 0.81575 (12/08/2023). The difference between high and low is 0.

VND LAK average rate for August 2023 is 0.80642, the change between 01/08/2023 and 31/08/2023 is -0.25 %.

01 August 2023	1 VND = 0.8034 LAK
02 August 2023	1 VND = 0.8024 LAK
03 August 2023	1 VND = 0.8078 LAK
04 August 2023	1 VND = 0.8021 LAK
07 August 2023	1 VND = 0.8043 LAK
08 August 2023	1 VND = 0.8088 LAK
09 August 2023	1 VND = 0.8088 LAK
10 August 2023	1 VND = 0.8093 LAK
11 August 2023	1 VND = 0.8092 LAK
12 August 2023	1 VND = 0.8158 LAK
14 August 2023	1 VND = 0.8119 LAK
15 August 2023	1 VND = 0.8020 LAK
16 August 2023	1 VND = 0.7978 LAK
17 August 2023	1 VND = 0.8009 LAK
18 August 2023	1 VND = 0.8059 LAK
19 August 2023	1 VND = 0.8066 LAK
20 August 2023	1 VND = 0.8066 LAK
21 August 2023	1 VND = 0.8062 LAK
22 August 2023	1 VND = 0.8092 LAK
23 August 2023	1 VND = 0.8090 LAK
24 August 2023	1 VND = 0.8073 LAK
25 August 2023	1 VND = 0.8096 LAK
28 August 2023	1 VND = 0.8089 LAK
29 August 2023	1 VND = 0.8060 LAK
30 August 2023	1 VND = 0.8019 LAK
31 August 2023	1 VND = 0.8054 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.