Historic Vanuatu vatu Lao kip

Vanuatu vatu lao kip history for January 2024. The highest quote for this month is 177.23 (02/01/2024) and the lowest 176.55 (06/01/2024). The difference between high and low is 0.38.

VUV LAK average rate for January 2024 is 175.0863, the change between 01/01/2024 and 31/01/2024 is +0.49 %.

01 January 20241 VUV = 176.2 LAK
02 January 20241 VUV = 176.1 LAK
03 January 20241 VUV = 176.2 LAK
04 January 20241 VUV = 175.8 LAK
05 January 20241 VUV = 176.0 LAK
06 January 20241 VUV = 176.0 LAK
07 January 20241 VUV = 176.0 LAK
08 January 20241 VUV = 174.2 LAK
09 January 20241 VUV = 176.6 LAK
10 January 20241 VUV = 174.3 LAK
11 January 20241 VUV = 176.2 LAK
12 January 20241 VUV = 176.0 LAK
14 January 20241 VUV = 176.2 LAK
15 January 20241 VUV = 174.0 LAK
16 January 20241 VUV = 174.0 LAK
17 January 20241 VUV = 173.2 LAK
18 January 20241 VUV = 174.4 LAK
19 January 20241 VUV = 174.6 LAK
22 January 20241 VUV = 173.1 LAK
23 January 20241 VUV = 174.5 LAK
24 January 20241 VUV = 174.7 LAK
25 January 20241 VUV = 174.8 LAK
26 January 20241 VUV = 174.9 LAK
28 January 20241 VUV = 175.2 LAK
29 January 20241 VUV = 173.5 LAK
30 January 20241 VUV = 175.3 LAK
31 January 20241 VUV = 175.3 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.
VUV LAK January 2024
VUV LAK February 2024
VUV LAK March 2024
VUV LAK April 2024
VUV LAK May 2024
VUV LAK June 2024
VUV LAK July 2024
VUV LAK August 2024
VUV LAK September 2024
VUV LAK October 2024
VUV LAK November 2024
VUV LAK December 2024
VUV LAK January 2025