Historic Lao kip United States dollar

Lao kip united states dollar history for February 2024. The highest quote for this month is 0.000049 (13/02/2024) and the lowest 0.000049 (01/02/2024). The difference between high and low is 0.

LAK USD average rate for February 2024 is 0.00005, the change between 01/02/2024 and 29/02/2024 is -2.08 %.

01 February 20241 LAK = 0.0000 USD
02 February 20241 LAK = 0.0000 USD
03 February 20241 LAK = 0.0000 USD
04 February 20241 LAK = 0.0000 USD
05 February 20241 LAK = 0.0000 USD
06 February 20241 LAK = 0.0000 USD
07 February 20241 LAK = 0.0000 USD
08 February 20241 LAK = 0.0000 USD
09 February 20241 LAK = 0.0000 USD
12 February 20241 LAK = 0.0000 USD
13 February 20241 LAK = 0.0000 USD
14 February 20241 LAK = 0.0000 USD
15 February 20241 LAK = 0.0000 USD
16 February 20241 LAK = 0.0000 USD
17 February 20241 LAK = 0.0000 USD
18 February 20241 LAK = 0.0000 USD
19 February 20241 LAK = 0.0000 USD
20 February 20241 LAK = 0.0000 USD
21 February 20241 LAK = 0.0000 USD
22 February 20241 LAK = 0.0000 USD
23 February 20241 LAK = 0.0000 USD
24 February 20241 LAK = 0.0000 USD
25 February 20241 LAK = 0.0000 USD
26 February 20241 LAK = 0.0000 USD
27 February 20241 LAK = 0.0000 USD
28 February 20241 LAK = 0.0000 USD
29 February 20241 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.
LAK USD July 2023
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