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

Lao kip tanzanian shilling history for October 2023. The highest quote for this month is 0.12414 (02/10/2023) and the lowest 0.12424 (02/10/2023). The difference between high and low is -0.08.

LAK TZS average rate for October 2023 is 0.12204, the change between 01/10/2023 and 31/10/2023 is +2.23 %.

01 October 2023	1 LAK = 0.1235 TZS
02 October 2023	1 LAK = 0.1243 TZS
03 October 2023	1 LAK = 0.1236 TZS
04 October 2023	1 LAK = 0.1233 TZS
05 October 2023	1 LAK = 0.1229 TZS
06 October 2023	1 LAK = 0.1215 TZS
07 October 2023	1 LAK = 0.1224 TZS
09 October 2023	1 LAK = 0.1244 TZS
10 October 2023	1 LAK = 0.1241 TZS
11 October 2023	1 LAK = 0.1227 TZS
12 October 2023	1 LAK = 0.1226 TZS
13 October 2023	1 LAK = 0.1226 TZS
16 October 2023	1 LAK = 0.1225 TZS
17 October 2023	1 LAK = 0.1213 TZS
18 October 2023	1 LAK = 0.1215 TZS
19 October 2023	1 LAK = 0.1228 TZS
20 October 2023	1 LAK = 0.1215 TZS
21 October 2023	1 LAK = 0.1208 TZS
22 October 2023	1 LAK = 0.1208 TZS
23 October 2023	1 LAK = 0.1224 TZS
24 October 2023	1 LAK = 0.1209 TZS
25 October 2023	1 LAK = 0.1211 TZS
26 October 2023	1 LAK = 0.1211 TZS
27 October 2023	1 LAK = 0.1211 TZS
28 October 2023	1 LAK = 0.1204 TZS
29 October 2023	1 LAK = 0.1204 TZS
30 October 2023	1 LAK = 0.1198 TZS
31 October 2023	1 LAK = 0.1207 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.