Historic Tanzanian Shilling Lao kip

Tanzanian Shilling lao kip history for January 2024. The highest quote for this month is 8.2081 (14/01/2024) and the lowest 8.2533 (15/01/2024). The difference between high and low is -0.55.

TZS LAK average rate for January 2024 is 8.19003, the change between 01/01/2024 and 31/01/2024 is +1.13 %.

01 January 20241 TZS = 8.22 LAK
02 January 20241 TZS = 8.22 LAK
03 January 20241 TZS = 8.15 LAK
04 January 20241 TZS = 8.15 LAK
05 January 20241 TZS = 8.19 LAK
06 January 20241 TZS = 8.20 LAK
07 January 20241 TZS = 8.20 LAK
08 January 20241 TZS = 8.25 LAK
09 January 20241 TZS = 8.18 LAK
10 January 20241 TZS = 8.10 LAK
11 January 20241 TZS = 8.18 LAK
12 January 20241 TZS = 8.18 LAK
14 January 20241 TZS = 8.21 LAK
15 January 20241 TZS = 8.26 LAK
16 January 20241 TZS = 8.12 LAK
17 January 20241 TZS = 8.25 LAK
18 January 20241 TZS = 8.17 LAK
19 January 20241 TZS = 8.21 LAK
22 January 20241 TZS = 8.28 LAK
23 January 20241 TZS = 8.19 LAK
24 January 20241 TZS = 8.21 LAK
25 January 20241 TZS = 8.20 LAK
26 January 20241 TZS = 8.22 LAK
28 January 20241 TZS = 8.15 LAK
29 January 20241 TZS = 8.20 LAK
30 January 20241 TZS = 8.12 LAK
31 January 20241 TZS = 8.12 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.