Lao kip united states dollar exchange rate history (LAK USD) December 2023

Lao kip united states dollar history for December 2023. The highest quote for this month is 0.000049 (05/12/2023) and the lowest 0.000049 (01/12/2023). The difference between high and low is 0.

LAK USD average rate for December 2023 is 0.00005, the change between 01/12/2023 and 31/12/2023 is 0 %.

01 December 2023	1 LAK = 0.0000 USD
02 December 2023	1 LAK = 0.0000 USD
03 December 2023	1 LAK = 0.0000 USD
04 December 2023	1 LAK = 0.0000 USD
05 December 2023	1 LAK = 0.0000 USD
06 December 2023	1 LAK = 0.0000 USD
07 December 2023	1 LAK = 0.0000 USD
08 December 2023	1 LAK = 0.0000 USD
10 December 2023	1 LAK = 0.0000 USD
11 December 2023	1 LAK = 0.0000 USD
12 December 2023	1 LAK = 0.0000 USD
13 December 2023	1 LAK = 0.0000 USD
14 December 2023	1 LAK = 0.0000 USD
15 December 2023	1 LAK = 0.0000 USD
16 December 2023	1 LAK = 0.0000 USD
17 December 2023	1 LAK = 0.0000 USD
18 December 2023	1 LAK = 0.0000 USD
19 December 2023	1 LAK = 0.0000 USD
20 December 2023	1 LAK = 0.0000 USD
21 December 2023	1 LAK = 0.0000 USD
22 December 2023	1 LAK = 0.0000 USD
23 December 2023	1 LAK = 0.0000 USD
24 December 2023	1 LAK = 0.0000 USD
25 December 2023	1 LAK = 0.0000 USD
26 December 2023	1 LAK = 0.0000 USD
27 December 2023	1 LAK = 0.0000 USD
28 December 2023	1 LAK = 0.0000 USD
29 December 2023	1 LAK = 0.0000 USD

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.