Historic Lao kip Tanzanian Shilling

Lao kip tanzanian shilling history for February 2024. The highest quote for this month is 0.12435 (09/02/2024) and the lowest 0.12369 (02/02/2024). The difference between high and low is 0.53.

LAK TZS average rate for February 2024 is 0.12203, the change between 01/02/2024 and 29/02/2024 is +0.48 %.

01 February 20241 LAK = 0.1219 TZS
02 February 20241 LAK = 0.1228 TZS
03 February 20241 LAK = 0.1215 TZS
04 February 20241 LAK = 0.1215 TZS
05 February 20241 LAK = 0.1207 TZS
06 February 20241 LAK = 0.1235 TZS
07 February 20241 LAK = 0.1225 TZS
08 February 20241 LAK = 0.1224 TZS
09 February 20241 LAK = 0.1215 TZS
12 February 20241 LAK = 0.1203 TZS
13 February 20241 LAK = 0.1229 TZS
14 February 20241 LAK = 0.1224 TZS
15 February 20241 LAK = 0.1218 TZS
16 February 20241 LAK = 0.1222 TZS
17 February 20241 LAK = 0.1217 TZS
18 February 20241 LAK = 0.1217 TZS
19 February 20241 LAK = 0.1209 TZS
20 February 20241 LAK = 0.1237 TZS
21 February 20241 LAK = 0.1224 TZS
22 February 20241 LAK = 0.1223 TZS
23 February 20241 LAK = 0.1223 TZS
24 February 20241 LAK = 0.1221 TZS
25 February 20241 LAK = 0.1221 TZS
26 February 20241 LAK = 0.1213 TZS
27 February 20241 LAK = 0.1226 TZS
28 February 20241 LAK = 0.1225 TZS
29 February 20241 LAK = 0.1213 TZS

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.
LAK TZS July 2023
LAK TZS August 2023
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LAK TZS February 2024
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LAK TZS July 2024