Tanzanian Shilling lao kip exchange rate history (TZS LAK) December 2023

Tanzanian Shilling lao kip history for December 2023. The highest quote for this month is 8.2642 (10/12/2023) and the lowest 8.3177 (06/12/2023). The difference between high and low is -0.65.

TZS LAK average rate for December 2023 is 8.21345, the change between 01/12/2023 and 31/12/2023 is +0.31 %.

01 December 2023	1 TZS = 8.17 LAK
02 December 2023	1 TZS = 8.24 LAK
03 December 2023	1 TZS = 8.24 LAK
04 December 2023	1 TZS = 8.33 LAK
05 December 2023	1 TZS = 8.25 LAK
06 December 2023	1 TZS = 8.27 LAK
07 December 2023	1 TZS = 8.18 LAK
08 December 2023	1 TZS = 8.26 LAK
10 December 2023	1 TZS = 8.26 LAK
11 December 2023	1 TZS = 8.33 LAK
12 December 2023	1 TZS = 8.26 LAK
13 December 2023	1 TZS = 8.20 LAK
14 December 2023	1 TZS = 8.25 LAK
15 December 2023	1 TZS = 8.20 LAK
16 December 2023	1 TZS = 8.23 LAK
17 December 2023	1 TZS = 8.23 LAK
18 December 2023	1 TZS = 8.27 LAK
19 December 2023	1 TZS = 8.14 LAK
20 December 2023	1 TZS = 8.14 LAK
21 December 2023	1 TZS = 8.17 LAK
22 December 2023	1 TZS = 8.18 LAK
23 December 2023	1 TZS = 8.19 LAK
24 December 2023	1 TZS = 8.19 LAK
25 December 2023	1 TZS = 8.23 LAK
26 December 2023	1 TZS = 8.09 LAK
27 December 2023	1 TZS = 8.15 LAK
28 December 2023	1 TZS = 8.18 LAK
29 December 2023	1 TZS = 8.14 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.