Historic Thai baht Lao kip

Thai baht lao kip history for January 2024. The highest quote for this month is 596.45 (02/01/2024) and the lowest 598.52 (06/01/2024). The difference between high and low is -0.35.

THB LAK average rate for January 2024 is 585.63185, the change between 01/01/2024 and 31/01/2024 is +1.08 %.

01 January 20241 THB = 591.2 LAK
02 January 20241 THB = 593.4 LAK
03 January 20241 THB = 599.2 LAK
04 January 20241 THB = 595.2 LAK
05 January 20241 THB = 597.0 LAK
06 January 20241 THB = 593.7 LAK
07 January 20241 THB = 594.7 LAK
08 January 20241 THB = 586.6 LAK
09 January 20241 THB = 589.0 LAK
10 January 20241 THB = 583.6 LAK
11 January 20241 THB = 587.8 LAK
12 January 20241 THB = 588.1 LAK
14 January 20241 THB = 589.9 LAK
15 January 20241 THB = 582.9 LAK
16 January 20241 THB = 583.2 LAK
17 January 20241 THB = 577.4 LAK
18 January 20241 THB = 580.2 LAK
19 January 20241 THB = 580.9 LAK
22 January 20241 THB = 575.1 LAK
23 January 20241 THB = 580.0 LAK
24 January 20241 THB = 579.4 LAK
25 January 20241 THB = 578.8 LAK
26 January 20241 THB = 578.4 LAK
28 January 20241 THB = 582.0 LAK
29 January 20241 THB = 576.1 LAK
30 January 20241 THB = 583.4 LAK
31 January 20241 THB = 584.9 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.
THB LAK January 2024
THB LAK February 2024
THB LAK March 2024
THB LAK April 2024
THB LAK May 2024
THB LAK June 2024
THB LAK July 2024
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THB LAK September 2024
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THB LAK January 2025