Somali shilling lao kip history for January 2024. The highest quote for this month is 36.408 (26/01/2024) and the lowest 36.084 (26/01/2024). The difference between high and low is 0.89.
SOS LAK average rate for January 2024 is 36.13878, the change between 01/01/2024 and 31/01/2024 is -1.6 %.
| 01 January 2024 | 1 SOS = 35.83 LAK |
| 02 January 2024 | 1 SOS = 35.86 LAK |
| 03 January 2024 | 1 SOS = 36.09 LAK |
| 04 January 2024 | 1 SOS = 36.09 LAK |
| 05 January 2024 | 1 SOS = 36.25 LAK |
| 08 January 2024 | 1 SOS = 35.77 LAK |
| 09 January 2024 | 1 SOS = 36.23 LAK |
| 10 January 2024 | 1 SOS = 35.87 LAK |
| 11 January 2024 | 1 SOS = 36.23 LAK |
| 12 January 2024 | 1 SOS = 36.22 LAK |
| 15 January 2024 | 1 SOS = 35.86 LAK |
| 16 January 2024 | 1 SOS = 35.89 LAK |
| 17 January 2024 | 1 SOS = 35.97 LAK |
| 18 January 2024 | 1 SOS = 36.34 LAK |
| 19 January 2024 | 1 SOS = 36.34 LAK |
| 22 January 2024 | 1 SOS = 35.98 LAK |
| 23 January 2024 | 1 SOS = 36.33 LAK |
| 24 January 2024 | 1 SOS = 36.36 LAK |
| 25 January 2024 | 1 SOS = 36.39 LAK |
| 26 January 2024 | 1 SOS = 36.38 LAK |
| 29 January 2024 | 1 SOS = 36.11 LAK |
| 30 January 2024 | 1 SOS = 36.39 LAK |
| 31 January 2024 | 1 SOS = 36.40 LAK |
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.