Lao kip somali shilling history for October 2023. The highest quote for this month is 0.027938 (09/10/2023) and the lowest 0.028116 (12/10/2023). The difference between high and low is -0.64.
LAK SOS average rate for October 2023 is 0.02773, the change between 01/10/2023 and 31/10/2023 is +2.09 %.
| 02 October 2023 | 1 LAK = 0.0280 SOS |
| 03 October 2023 | 1 LAK = 0.0279 SOS |
| 04 October 2023 | 1 LAK = 0.0278 SOS |
| 05 October 2023 | 1 LAK = 0.0277 SOS |
| 06 October 2023 | 1 LAK = 0.0280 SOS |
| 09 October 2023 | 1 LAK = 0.0281 SOS |
| 10 October 2023 | 1 LAK = 0.0279 SOS |
| 11 October 2023 | 1 LAK = 0.0277 SOS |
| 12 October 2023 | 1 LAK = 0.0279 SOS |
| 13 October 2023 | 1 LAK = 0.0279 SOS |
| 16 October 2023 | 1 LAK = 0.0278 SOS |
| 17 October 2023 | 1 LAK = 0.0275 SOS |
| 18 October 2023 | 1 LAK = 0.0275 SOS |
| 19 October 2023 | 1 LAK = 0.0278 SOS |
| 20 October 2023 | 1 LAK = 0.0275 SOS |
| 23 October 2023 | 1 LAK = 0.0278 SOS |
| 24 October 2023 | 1 LAK = 0.0275 SOS |
| 25 October 2023 | 1 LAK = 0.0275 SOS |
| 26 October 2023 | 1 LAK = 0.0275 SOS |
| 27 October 2023 | 1 LAK = 0.0275 SOS |
| 30 October 2023 | 1 LAK = 0.0278 SOS |
| 31 October 2023 | 1 LAK = 0.0274 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.