Historic United States dollar Lao kip

United States dollar lao kip history since 28/03/2024 until today (0 years). Search for USD to LAK exchange rate history for a particular date, month or year.

is the currency (supplied by Federal Reserve Bank and the currency supplied by Bank of the Lao P.D.R.. The USD LAK historical data can be seen on the United States dollar lao kip historical chart.

29 February 20241 USD = 20595.90 LAK
01 March 20241 USD = 20813.00 LAK
03 March 20241 USD = 20857.00 LAK
04 March 20241 USD = 20593.30 LAK
05 March 20241 USD = 20657.70 LAK
06 March 20241 USD = 20655.70 LAK
07 March 20241 USD = 20825.00 LAK
08 March 20241 USD = 20547.40 LAK
10 March 20241 USD = 20841.00 LAK
11 March 20241 USD = 20630.40 LAK
12 March 20241 USD = 20841.00 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.