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

Lao kip united states dollar history for October 2023. The highest quote for this month is 0.000049 (01/10/2023) and the lowest 0.00005 (10/10/2023). The difference between high and low is -2.04.

LAK USD average rate for October 2023 is 0.00005, the change between 01/10/2023 and 31/10/2023 is +2.04 %.

01 October 2023	1 LAK = 0.0000 USD
03 October 2023	1 LAK = 0.0000 USD
04 October 2023	1 LAK = 0.0000 USD
06 October 2023	1 LAK = 0.0000 USD
07 October 2023	1 LAK = 0.0000 USD
09 October 2023	1 LAK = 0.0001 USD
10 October 2023	1 LAK = 0.0000 USD
11 October 2023	1 LAK = 0.0000 USD
13 October 2023	1 LAK = 0.0000 USD
16 October 2023	1 LAK = 0.0000 USD
17 October 2023	1 LAK = 0.0000 USD
18 October 2023	1 LAK = 0.0000 USD
19 October 2023	1 LAK = 0.0000 USD
20 October 2023	1 LAK = 0.0000 USD
21 October 2023	1 LAK = 0.0000 USD
22 October 2023	1 LAK = 0.0000 USD
23 October 2023	1 LAK = 0.0000 USD
24 October 2023	1 LAK = 0.0000 USD
25 October 2023	1 LAK = 0.0000 USD
26 October 2023	1 LAK = 0.0000 USD
27 October 2023	1 LAK = 0.0000 USD
28 October 2023	1 LAK = 0.0000 USD
29 October 2023	1 LAK = 0.0000 USD
30 October 2023	1 LAK = 0.0000 USD
31 October 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.