Lao kip somali shilling history for September 2023. The highest quote for this month is 0.029057 (01/09/2023) and the lowest 0.02923 (13/09/2023). The difference between high and low is -0.6.
LAK SOS average rate for September 2023 is 0.02861, the change between 01/09/2023 and 30/09/2023 is +3.94 %.
| 01 September 2023 | 1 LAK = 0.0291 SOS |
| 04 September 2023 | 1 LAK = 0.0289 SOS |
| 05 September 2023 | 1 LAK = 0.0290 SOS |
| 06 September 2023 | 1 LAK = 0.0289 SOS |
| 07 September 2023 | 1 LAK = 0.0288 SOS |
| 08 September 2023 | 1 LAK = 0.0288 SOS |
| 11 September 2023 | 1 LAK = 0.0289 SOS |
| 12 September 2023 | 1 LAK = 0.0287 SOS |
| 13 September 2023 | 1 LAK = 0.0287 SOS |
| 14 September 2023 | 1 LAK = 0.0287 SOS |
| 15 September 2023 | 1 LAK = 0.0286 SOS |
| 18 September 2023 | 1 LAK = 0.0287 SOS |
| 19 September 2023 | 1 LAK = 0.0285 SOS |
| 20 September 2023 | 1 LAK = 0.0284 SOS |
| 21 September 2023 | 1 LAK = 0.0284 SOS |
| 22 September 2023 | 1 LAK = 0.0283 SOS |
| 25 September 2023 | 1 LAK = 0.0286 SOS |
| 27 September 2023 | 1 LAK = 0.0282 SOS |
| 28 September 2023 | 1 LAK = 0.0281 SOS |
| 29 September 2023 | 1 LAK = 0.0280 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.