Historic Thai baht Lao kip

Thai baht lao kip history for December 2023. The highest quote for this month is 597.99 (28/12/2023) and the lowest 597.21 (23/12/2023). The difference between high and low is 0.13.

THB LAK average rate for December 2023 is 588.86179, the change between 01/12/2023 and 31/12/2023 is -3.05 %.

01 December 20231 THB = 580.1 LAK
02 December 20231 THB = 593.7 LAK
03 December 20231 THB = 593.7 LAK
04 December 20231 THB = 589.9 LAK
05 December 20231 THB = 587.1 LAK
06 December 20231 THB = 586.6 LAK
07 December 20231 THB = 583.0 LAK
08 December 20231 THB = 589.0 LAK
10 December 20231 THB = 584.3 LAK
11 December 20231 THB = 578.8 LAK
12 December 20231 THB = 580.2 LAK
13 December 20231 THB = 575.1 LAK
14 December 20231 THB = 589.3 LAK
15 December 20231 THB = 591.2 LAK
16 December 20231 THB = 590.1 LAK
17 December 20231 THB = 590.0 LAK
18 December 20231 THB = 585.1 LAK
19 December 20231 THB = 583.3 LAK
20 December 20231 THB = 587.9 LAK
21 December 20231 THB = 587.9 LAK
22 December 20231 THB = 593.3 LAK
23 December 20231 THB = 595.0 LAK
24 December 20231 THB = 595.8 LAK
25 December 20231 THB = 591.9 LAK
26 December 20231 THB = 590.4 LAK
27 December 20231 THB = 595.4 LAK
28 December 20231 THB = 602.3 LAK
29 December 20231 THB = 597.8 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.

15/04/2019: Coronation of King Rama X

King Maha Vajiralongkorn's coronation ceremony took place, affirming stability and continuity in the monarchy.

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.

19/09/2006: 2006 Thai coup d'état

The military staged a coup overthrowing the government, causing political instability and affecting the currency.

02/07/1997: Asian Financial Crisis

The Thai baht was devalued triggering the Asian financial crisis, resulting in economic recession and structural reforms.

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.

01/01/1980: Currency Floatation

The Thai baht was shifted from a fixed to a floating exchange rate system, leading to increased volatility.

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.

14/10/1973: October 14 Uprising

A popular uprising against the military dictatorship led to political reforms and an increase in public participation.

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.

01/01/1942: Japanese Occupation

During World War II, Thailand was occupied by Japan, leading to the introduction of Japanese-sponsored banknotes.

24/06/1932: Siamese Revolution

The Siamese Revolution resulted in the establishment of a constitutional monarchy, marking the beginning of political changes in Thailand.
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