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

United States dollar lao kip history for November 2023. The highest quote for this month is 20738 (12/11/2023) and the lowest 20738 (12/11/2023). The difference between high and low is 0.

USD LAK average rate for November 2023 is 20624.49565, the change between 01/11/2023 and 30/11/2023 is +0.22 %.

01 November 2023	1 USD = 20700.00 LAK
06 November 2023	1 USD = 20325.10 LAK
07 November 2023	1 USD = 20675.00 LAK
08 November 2023	1 USD = 20670.00 LAK
09 November 2023	1 USD = 20700.00 LAK
10 November 2023	1 USD = 20710.00 LAK
12 November 2023	1 USD = 20738.00 LAK
13 November 2023	1 USD = 20447.00 LAK
14 November 2023	1 USD = 20700.00 LAK
15 November 2023	1 USD = 20705.00 LAK
16 November 2023	1 USD = 20680.00 LAK
17 November 2023	1 USD = 20680.00 LAK
18 November 2023	1 USD = 20697.00 LAK
19 November 2023	1 USD = 20697.00 LAK
20 November 2023	1 USD = 20406.60 LAK
21 November 2023	1 USD = 20675.00 LAK
22 November 2023	1 USD = 20660.00 LAK
23 November 2023	1 USD = 20449.80 LAK
26 November 2023	1 USD = 20687.00 LAK
27 November 2023	1 USD = 20400.90 LAK
28 November 2023	1 USD = 20650.00 LAK
29 November 2023	1 USD = 20655.00 LAK
30 November 2023	1 USD = 20655.00 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.