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

Tanzanian Shilling lao kip history for October 2023. The highest quote for this month is 8.3057 (28/10/2023) and the lowest 8.3454 (24/10/2023). The difference between high and low is -0.48.

TZS LAK average rate for October 2023 is 8.19519, the change between 01/10/2023 and 31/10/2023 is -2.28 %.

01 October 2023	1 TZS = 8.10 LAK
02 October 2023	1 TZS = 8.05 LAK
03 October 2023	1 TZS = 8.09 LAK
04 October 2023	1 TZS = 8.11 LAK
05 October 2023	1 TZS = 8.14 LAK
06 October 2023	1 TZS = 8.23 LAK
07 October 2023	1 TZS = 8.17 LAK
09 October 2023	1 TZS = 8.04 LAK
10 October 2023	1 TZS = 8.06 LAK
11 October 2023	1 TZS = 8.15 LAK
12 October 2023	1 TZS = 8.16 LAK
13 October 2023	1 TZS = 8.16 LAK
16 October 2023	1 TZS = 8.16 LAK
17 October 2023	1 TZS = 8.24 LAK
18 October 2023	1 TZS = 8.23 LAK
19 October 2023	1 TZS = 8.14 LAK
20 October 2023	1 TZS = 8.23 LAK
21 October 2023	1 TZS = 8.28 LAK
22 October 2023	1 TZS = 8.28 LAK
23 October 2023	1 TZS = 8.17 LAK
24 October 2023	1 TZS = 8.27 LAK
25 October 2023	1 TZS = 8.26 LAK
26 October 2023	1 TZS = 8.26 LAK
27 October 2023	1 TZS = 8.26 LAK
28 October 2023	1 TZS = 8.31 LAK
29 October 2023	1 TZS = 8.31 LAK
30 October 2023	1 TZS = 8.35 LAK
31 October 2023	1 TZS = 8.28 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.