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

United States dollar lao kip history for October 2023. The highest quote for this month is 20706 (28/10/2023) and the lowest 20706 (28/10/2023). The difference between high and low is 0.

USD LAK average rate for October 2023 is 20507.304, the change between 01/10/2023 and 31/10/2023 is -2.07 %.

01 October 2023	1 USD = 20280.00 LAK
03 October 2023	1 USD = 20310.00 LAK
04 October 2023	1 USD = 20350.00 LAK
06 October 2023	1 USD = 20203.30 LAK
07 October 2023	1 USD = 20455.00 LAK
09 October 2023	1 USD = 20169.80 LAK
10 October 2023	1 USD = 20259.20 LAK
11 October 2023	1 USD = 20450.00 LAK
13 October 2023	1 USD = 20480.00 LAK
16 October 2023	1 USD = 20434.70 LAK
17 October 2023	1 USD = 20625.00 LAK
18 October 2023	1 USD = 20620.00 LAK
19 October 2023	1 USD = 20419.00 LAK
20 October 2023	1 USD = 20660.00 LAK
21 October 2023	1 USD = 20670.00 LAK
22 October 2023	1 USD = 20670.00 LAK
23 October 2023	1 USD = 20431.90 LAK
24 October 2023	1 USD = 20687.50 LAK
25 October 2023	1 USD = 20650.00 LAK
26 October 2023	1 USD = 20650.00 LAK
27 October 2023	1 USD = 20650.00 LAK
28 October 2023	1 USD = 20706.00 LAK
29 October 2023	1 USD = 20706.00 LAK
30 October 2023	1 USD = 20445.20 LAK
31 October 2023	1 USD = 20700.00 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.