United States dollar lao kip exchange rate history (USD LAK) December 2023

United States dollar lao kip history for December 2023. The highest quote for this month is 20710 (10/12/2023) and the lowest 20710 (10/12/2023). The difference between high and low is 0.

USD LAK average rate for December 2023 is 20556.98929, the change between 01/12/2023 and 31/12/2023 is -0.23 %.

01 December 2023	1 USD = 20453.60 LAK
02 December 2023	1 USD = 20685.00 LAK
03 December 2023	1 USD = 20685.00 LAK
04 December 2023	1 USD = 20489.30 LAK
05 December 2023	1 USD = 20675.00 LAK
06 December 2023	1 USD = 20670.00 LAK
07 December 2023	1 USD = 20520.20 LAK
08 December 2023	1 USD = 20680.00 LAK
10 December 2023	1 USD = 20710.00 LAK
11 December 2023	1 USD = 20526.30 LAK
12 December 2023	1 USD = 20700.00 LAK
13 December 2023	1 USD = 20503.70 LAK
14 December 2023	1 USD = 20675.00 LAK
15 December 2023	1 USD = 20620.00 LAK
16 December 2023	1 USD = 20558.00 LAK
17 December 2023	1 USD = 20558.00 LAK
18 December 2023	1 USD = 20451.00 LAK
19 December 2023	1 USD = 20379.70 LAK
20 December 2023	1 USD = 20475.00 LAK
21 December 2023	1 USD = 20550.00 LAK
22 December 2023	1 USD = 20580.00 LAK
23 December 2023	1 USD = 20550.00 LAK
24 December 2023	1 USD = 20550.00 LAK
25 December 2023	1 USD = 20358.30 LAK
26 December 2023	1 USD = 20372.00 LAK
27 December 2023	1 USD = 20525.00 LAK
28 December 2023	1 USD = 20595.60 LAK
29 December 2023	1 USD = 20500.00 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.