Lao kip somali shilling history for November 2023. The highest quote for this month is 0.02776 (20/11/2023) and the lowest 0.028054 (15/11/2023). The difference between high and low is -1.06.
LAK SOS average rate for November 2023 is 0.02757, the change between 01/11/2023 and 30/11/2023 is -0.22 %.
| 01 November 2023 | 1 LAK = 0.0274 SOS |
| 02 November 2023 | 1 LAK = 0.0274 SOS |
| 03 November 2023 | 1 LAK = 0.0277 SOS |
| 06 November 2023 | 1 LAK = 0.0279 SOS |
| 07 November 2023 | 1 LAK = 0.0275 SOS |
| 08 November 2023 | 1 LAK = 0.0275 SOS |
| 09 November 2023 | 1 LAK = 0.0274 SOS |
| 10 November 2023 | 1 LAK = 0.0274 SOS |
| 13 November 2023 | 1 LAK = 0.0278 SOS |
| 14 November 2023 | 1 LAK = 0.0274 SOS |
| 15 November 2023 | 1 LAK = 0.0274 SOS |
| 16 November 2023 | 1 LAK = 0.0275 SOS |
| 17 November 2023 | 1 LAK = 0.0275 SOS |
| 20 November 2023 | 1 LAK = 0.0278 SOS |
| 21 November 2023 | 1 LAK = 0.0275 SOS |
| 22 November 2023 | 1 LAK = 0.0275 SOS |
| 23 November 2023 | 1 LAK = 0.0278 SOS |
| 24 November 2023 | 1 LAK = 0.0277 SOS |
| 27 November 2023 | 1 LAK = 0.0278 SOS |
| 28 November 2023 | 1 LAK = 0.0275 SOS |
| 29 November 2023 | 1 LAK = 0.0275 SOS |
| 30 November 2023 | 1 LAK = 0.0275 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.