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

Lao kip tanzanian shilling history for September 2023. The highest quote for this month is 0.12861 (01/09/2023) and the lowest 0.12946 (05/09/2023). The difference between high and low is -0.66.

LAK TZS average rate for September 2023 is 0.12622, the change between 01/09/2023 and 30/09/2023 is +4.29 %.

01 September 2023	1 LAK = 0.1290 TZS
04 September 2023	1 LAK = 0.1282 TZS
05 September 2023	1 LAK = 0.1262 TZS
06 September 2023	1 LAK = 0.1283 TZS
07 September 2023	1 LAK = 0.1276 TZS
08 September 2023	1 LAK = 0.1251 TZS
11 September 2023	1 LAK = 0.1280 TZS
12 September 2023	1 LAK = 0.1270 TZS
13 September 2023	1 LAK = 0.1270 TZS
14 September 2023	1 LAK = 0.1270 TZS
15 September 2023	1 LAK = 0.1267 TZS
18 September 2023	1 LAK = 0.1270 TZS
19 September 2023	1 LAK = 0.1261 TZS
20 September 2023	1 LAK = 0.1259 TZS
21 September 2023	1 LAK = 0.1258 TZS
22 September 2023	1 LAK = 0.1254 TZS
23 September 2023	1 LAK = 0.1250 TZS
24 September 2023	1 LAK = 0.1250 TZS
25 September 2023	1 LAK = 0.1266 TZS
27 September 2023	1 LAK = 0.1248 TZS
28 September 2023	1 LAK = 0.1245 TZS
29 September 2023	1 LAK = 0.1237 TZS
30 September 2023	1 LAK = 0.1235 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.