Lao kip tanzanian shilling exchange rate history (LAK TZS) November 2023

Lao kip tanzanian shilling history for November 2023. The highest quote for this month is 0.12291 (30/11/2023) and the lowest 0.12338 (15/11/2023). The difference between high and low is -0.38.

LAK TZS average rate for November 2023 is 0.1209, the change between 01/11/2023 and 30/11/2023 is -0.42 %.

01 November 2023	1 LAK = 0.1208 TZS
02 November 2023	1 LAK = 0.1207 TZS
03 November 2023	1 LAK = 0.1220 TZS
06 November 2023	1 LAK = 0.1196 TZS
07 November 2023	1 LAK = 0.1212 TZS
08 November 2023	1 LAK = 0.1209 TZS
09 November 2023	1 LAK = 0.1214 TZS
10 November 2023	1 LAK = 0.1206 TZS
12 November 2023	1 LAK = 0.1203 TZS
13 November 2023	1 LAK = 0.1196 TZS
14 November 2023	1 LAK = 0.1210 TZS
15 November 2023	1 LAK = 0.1210 TZS
16 November 2023	1 LAK = 0.1211 TZS
17 November 2023	1 LAK = 0.1211 TZS
18 November 2023	1 LAK = 0.1204 TZS
19 November 2023	1 LAK = 0.1204 TZS
20 November 2023	1 LAK = 0.1196 TZS
21 November 2023	1 LAK = 0.1208 TZS
22 November 2023	1 LAK = 0.1213 TZS
23 November 2023	1 LAK = 0.1225 TZS
24 November 2023	1 LAK = 0.1221 TZS
26 November 2023	1 LAK = 0.1207 TZS
27 November 2023	1 LAK = 0.1207 TZS
28 November 2023	1 LAK = 0.1213 TZS
29 November 2023	1 LAK = 0.1213 TZS
30 November 2023	1 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.