Historic Lao kip Thai baht

Lao kip thai baht history for February 2024. The highest quote for this month is 0.00175 (13/02/2024) and the lowest 0.001749 (16/02/2024). The difference between high and low is 0.06.

LAK THB average rate for February 2024 is 0.00173, the change between 01/02/2024 and 29/02/2024 is -1.57 %.

01 February 20241 LAK = 0.0017 THB
02 February 20241 LAK = 0.0017 THB
03 February 20241 LAK = 0.0017 THB
04 February 20241 LAK = 0.0017 THB
05 February 20241 LAK = 0.0017 THB
06 February 20241 LAK = 0.0017 THB
07 February 20241 LAK = 0.0017 THB
08 February 20241 LAK = 0.0017 THB
09 February 20241 LAK = 0.0017 THB
12 February 20241 LAK = 0.0017 THB
13 February 20241 LAK = 0.0017 THB
14 February 20241 LAK = 0.0017 THB
15 February 20241 LAK = 0.0017 THB
16 February 20241 LAK = 0.0017 THB
17 February 20241 LAK = 0.0017 THB
18 February 20241 LAK = 0.0017 THB
19 February 20241 LAK = 0.0017 THB
20 February 20241 LAK = 0.0018 THB
21 February 20241 LAK = 0.0017 THB
22 February 20241 LAK = 0.0017 THB
23 February 20241 LAK = 0.0017 THB
24 February 20241 LAK = 0.0017 THB
25 February 20241 LAK = 0.0017 THB
26 February 20241 LAK = 0.0017 THB
27 February 20241 LAK = 0.0017 THB
28 February 20241 LAK = 0.0017 THB
29 February 20241 LAK = 0.0017 THB

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.

15/04/2019: Coronation of King Rama X

King Maha Vajiralongkorn's coronation ceremony took place, affirming stability and continuity in the monarchy.

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.

19/09/2006: 2006 Thai coup d'état

The military staged a coup overthrowing the government, causing political instability and affecting the currency.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

02/07/1997: Asian Financial Crisis

The Thai baht was devalued triggering the Asian financial crisis, resulting in economic recession and structural reforms.

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.

01/01/1980: Currency Floatation

The Thai baht was shifted from a fixed to a floating exchange rate system, leading to increased volatility.

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.

14/10/1973: October 14 Uprising

A popular uprising against the military dictatorship led to political reforms and an increase in public participation.

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.

01/01/1942: Japanese Occupation

During World War II, Thailand was occupied by Japan, leading to the introduction of Japanese-sponsored banknotes.

24/06/1932: Siamese Revolution

The Siamese Revolution resulted in the establishment of a constitutional monarchy, marking the beginning of political changes in Thailand.
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