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

Vietnamese dong lao kip history for September 2023. The highest quote for this month is 0.83169 (30/09/2023) and the lowest 0.84528 (20/09/2023). The difference between high and low is -1.63.

VND LAK average rate for September 2023 is 0.81839, the change between 01/09/2023 and 30/09/2023 is -3.5 %.

01 September 2023	1 VND = 0.8070 LAK
04 September 2023	1 VND = 0.8122 LAK
05 September 2023	1 VND = 0.8106 LAK
06 September 2023	1 VND = 0.8116 LAK
07 September 2023	1 VND = 0.8165 LAK
08 September 2023	1 VND = 0.8167 LAK
11 September 2023	1 VND = 0.8137 LAK
12 September 2023	1 VND = 0.8184 LAK
13 September 2023	1 VND = 0.8187 LAK
14 September 2023	1 VND = 0.8194 LAK
15 September 2023	1 VND = 0.8165 LAK
18 September 2023	1 VND = 0.8136 LAK
19 September 2023	1 VND = 0.8154 LAK
20 September 2023	1 VND = 0.8166 LAK
21 September 2023	1 VND = 0.8204 LAK
22 September 2023	1 VND = 0.8219 LAK
23 September 2023	1 VND = 0.8220 LAK
24 September 2023	1 VND = 0.8220 LAK
25 September 2023	1 VND = 0.8136 LAK
27 September 2023	1 VND = 0.8236 LAK
28 September 2023	1 VND = 0.8269 LAK
29 September 2023	1 VND = 0.8304 LAK
30 September 2023	1 VND = 0.8353 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.