Lao kip tanzanian shilling history for July 2023. The highest quote for this month is 0.12974 (13/07/2023) and the lowest 0.13055 (13/07/2023). The difference between high and low is -0.62.
LAK TZS average rate for July 2023 is 0.12876, the change between 01/07/2023 and 31/07/2023 is +0.12 %.
03 July 2023 | 1 LAK = 0.1288 TZS |
04 July 2023 | 1 LAK = 0.1294 TZS |
05 July 2023 | 1 LAK = 0.1283 TZS |
06 July 2023 | 1 LAK = 0.1291 TZS |
07 July 2023 | 1 LAK = 0.1302 TZS |
10 July 2023 | 1 LAK = 0.1301 TZS |
11 July 2023 | 1 LAK = 0.1280 TZS |
12 July 2023 | 1 LAK = 0.1277 TZS |
13 July 2023 | 1 LAK = 0.1245 TZS |
14 July 2023 | 1 LAK = 0.1283 TZS |
17 July 2023 | 1 LAK = 0.1296 TZS |
18 July 2023 | 1 LAK = 0.1277 TZS |
19 July 2023 | 1 LAK = 0.1287 TZS |
20 July 2023 | 1 LAK = 0.1287 TZS |
21 July 2023 | 1 LAK = 0.1284 TZS |
24 July 2023 | 1 LAK = 0.1296 TZS |
25 July 2023 | 1 LAK = 0.1298 TZS |
26 July 2023 | 1 LAK = 0.1292 TZS |
27 July 2023 | 1 LAK = 0.1296 TZS |
28 July 2023 | 1 LAK = 0.1296 TZS |
31 July 2023 | 1 LAK = 0.1287 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.