Historic Lao kip Tanzanian Shilling

Lao kip tanzanian shilling history for January 2024. The highest quote for this month is 0.12457 (29/01/2024) and the lowest 0.12347 (02/01/2024). The difference between high and low is 0.88.

LAK TZS average rate for January 2024 is 0.1221, the change between 01/01/2024 and 31/01/2024 is -1.14 %.

01 January 20241 LAK = 0.1217 TZS
02 January 20241 LAK = 0.1217 TZS
03 January 20241 LAK = 0.1227 TZS
04 January 20241 LAK = 0.1227 TZS
05 January 20241 LAK = 0.1222 TZS
06 January 20241 LAK = 0.1220 TZS
07 January 20241 LAK = 0.1220 TZS
08 January 20241 LAK = 0.1213 TZS
09 January 20241 LAK = 0.1222 TZS
10 January 20241 LAK = 0.1234 TZS
11 January 20241 LAK = 0.1222 TZS
12 January 20241 LAK = 0.1222 TZS
14 January 20241 LAK = 0.1218 TZS
15 January 20241 LAK = 0.1211 TZS
16 January 20241 LAK = 0.1231 TZS
17 January 20241 LAK = 0.1213 TZS
18 January 20241 LAK = 0.1223 TZS
19 January 20241 LAK = 0.1219 TZS
22 January 20241 LAK = 0.1207 TZS
23 January 20241 LAK = 0.1221 TZS
24 January 20241 LAK = 0.1218 TZS
25 January 20241 LAK = 0.1219 TZS
26 January 20241 LAK = 0.1217 TZS
28 January 20241 LAK = 0.1227 TZS
29 January 20241 LAK = 0.1220 TZS
30 January 20241 LAK = 0.1231 TZS
31 January 20241 LAK = 0.1231 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
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LAK TZS July 2024