Historic Tongan paʻanga Lao kip

Tongan paʻanga lao kip history for January 2024. The highest quote for this month is 8884.07 (02/01/2024) and the lowest 8897.96 (06/01/2024). The difference between high and low is -0.16.

TOP LAK average rate for January 2024 is 8802.42444, the change between 01/01/2024 and 31/01/2024 is +0.49 %.

01 January 20241 TOP = 8841.70 LAK
02 January 20241 TOP = 8847.40 LAK
03 January 20241 TOP = 8869.85 LAK
04 January 20241 TOP = 8859.50 LAK
05 January 20241 TOP = 8879.59 LAK
06 January 20241 TOP = 8879.16 LAK
07 January 20241 TOP = 8848.25 LAK
08 January 20241 TOP = 8744.56 LAK
09 January 20241 TOP = 8792.99 LAK
10 January 20241 TOP = 8664.26 LAK
11 January 20241 TOP = 8731.07 LAK
12 January 20241 TOP = 8865.10 LAK
14 January 20241 TOP = 8873.28 LAK
15 January 20241 TOP = 8735.85 LAK
16 January 20241 TOP = 8778.43 LAK
17 January 20241 TOP = 8757.85 LAK
18 January 20241 TOP = 8787.47 LAK
19 January 20241 TOP = 8768.80 LAK
22 January 20241 TOP = 8750.99 LAK
23 January 20241 TOP = 8824.79 LAK
24 January 20241 TOP = 8827.05 LAK
25 January 20241 TOP = 8829.18 LAK
26 January 20241 TOP = 8800.36 LAK
28 January 20241 TOP = 8813.56 LAK
29 January 20241 TOP = 8735.10 LAK
30 January 20241 TOP = 8761.07 LAK
31 January 20241 TOP = 8798.25 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.

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

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.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

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.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

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.
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