Lao kip somali shilling history for August 2023. The highest quote for this month is 0.02952 (02/08/2023) and the lowest 0.02982 (01/08/2023). The difference between high and low is -1.02.
LAK SOS average rate for August 2023 is 0.02942, the change between 01/08/2023 and 31/08/2023 is +2.03 %.
| 01 August 2023 | 1 LAK = 0.0297 SOS |
| 02 August 2023 | 1 LAK = 0.0297 SOS |
| 03 August 2023 | 1 LAK = 0.0295 SOS |
| 04 August 2023 | 1 LAK = 0.0297 SOS |
| 07 August 2023 | 1 LAK = 0.0297 SOS |
| 08 August 2023 | 1 LAK = 0.0295 SOS |
| 09 August 2023 | 1 LAK = 0.0295 SOS |
| 10 August 2023 | 1 LAK = 0.0295 SOS |
| 11 August 2023 | 1 LAK = 0.0295 SOS |
| 14 August 2023 | 1 LAK = 0.0294 SOS |
| 15 August 2023 | 1 LAK = 0.0296 SOS |
| 16 August 2023 | 1 LAK = 0.0296 SOS |
| 17 August 2023 | 1 LAK = 0.0295 SOS |
| 18 August 2023 | 1 LAK = 0.0294 SOS |
| 21 August 2023 | 1 LAK = 0.0294 SOS |
| 22 August 2023 | 1 LAK = 0.0293 SOS |
| 23 August 2023 | 1 LAK = 0.0293 SOS |
| 24 August 2023 | 1 LAK = 0.0293 SOS |
| 25 August 2023 | 1 LAK = 0.0292 SOS |
| 28 August 2023 | 1 LAK = 0.0291 SOS |
| 29 August 2023 | 1 LAK = 0.0291 SOS |
| 30 August 2023 | 1 LAK = 0.0291 SOS |
| 31 August 2023 | 1 LAK = 0.0291 SOS |
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.