Historic Thai baht Lao kip

Thai baht lao kip history for May 2019. The highest quote for this month is 272.61 (15/05/2019) and the lowest 272.46 (27/05/2019). The difference between high and low is 0.06.

THB LAK average rate for May 2019 is 270.33636, the change between 01/05/2019 and 31/05/2019 is -0.57 %.

01 May 20191 THB = 270.3 LAK
02 May 20191 THB = 269.8 LAK
03 May 20191 THB = 269.3 LAK
06 May 20191 THB = 269.5 LAK
07 May 20191 THB = 270.4 LAK
08 May 20191 THB = 270.1 LAK
09 May 20191 THB = 271.2 LAK
10 May 20191 THB = 271.3 LAK
13 May 20191 THB = 272.9 LAK
14 May 20191 THB = 272.4 LAK
15 May 20191 THB = 273.7 LAK
16 May 20191 THB = 273.4 LAK
17 May 20191 THB = 272.5 LAK
20 May 20191 THB = 271.0 LAK
21 May 20191 THB = 270.6 LAK
23 May 20191 THB = 265.6 LAK
24 May 20191 THB = 270.9 LAK
27 May 20191 THB = 265.9 LAK
28 May 20191 THB = 266.5 LAK
29 May 20191 THB = 266.6 LAK
30 May 20191 THB = 271.6 LAK
31 May 20191 THB = 271.8 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.