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

Tanzanian Shilling lao kip history for November 2023. The highest quote for this month is 8.3152 (12/11/2023) and the lowest 8.3633 (20/11/2023). The difference between high and low is -0.58.

TZS LAK average rate for November 2023 is 8.27137, the change between 01/11/2023 and 30/11/2023 is +0.42 %.

01 November 2023	1 TZS = 8.28 LAK
02 November 2023	1 TZS = 8.29 LAK
03 November 2023	1 TZS = 8.20 LAK
06 November 2023	1 TZS = 8.36 LAK
07 November 2023	1 TZS = 8.25 LAK
08 November 2023	1 TZS = 8.27 LAK
09 November 2023	1 TZS = 8.24 LAK
10 November 2023	1 TZS = 8.29 LAK
12 November 2023	1 TZS = 8.32 LAK
13 November 2023	1 TZS = 8.36 LAK
14 November 2023	1 TZS = 8.26 LAK
15 November 2023	1 TZS = 8.27 LAK
16 November 2023	1 TZS = 8.26 LAK
17 November 2023	1 TZS = 8.26 LAK
18 November 2023	1 TZS = 8.31 LAK
19 November 2023	1 TZS = 8.31 LAK
20 November 2023	1 TZS = 8.36 LAK
21 November 2023	1 TZS = 8.28 LAK
22 November 2023	1 TZS = 8.25 LAK
23 November 2023	1 TZS = 8.17 LAK
24 November 2023	1 TZS = 8.19 LAK
26 November 2023	1 TZS = 8.28 LAK
27 November 2023	1 TZS = 8.28 LAK
28 November 2023	1 TZS = 8.24 LAK
29 November 2023	1 TZS = 8.25 LAK
30 November 2023	1 TZS = 8.25 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.