Vanuatu vatu lao kip history for November 2023. The highest quote for this month is 175.27 (29/11/2023) and the lowest 174.74 (26/11/2023). The difference between high and low is 0.3.
VUV LAK average rate for November 2023 is 173.0425, the change between 01/11/2023 and 30/11/2023 is -2.43 %.
01 November 2023 | 1 VUV = 171.5 LAK |
06 November 2023 | 1 VUV = 170.6 LAK |
07 November 2023 | 1 VUV = 173.2 LAK |
08 November 2023 | 1 VUV = 172.4 LAK |
09 November 2023 | 1 VUV = 172.2 LAK |
10 November 2023 | 1 VUV = 171.8 LAK |
12 November 2023 | 1 VUV = 172.1 LAK |
13 November 2023 | 1 VUV = 169.3 LAK |
14 November 2023 | 1 VUV = 171.8 LAK |
15 November 2023 | 1 VUV = 174.1 LAK |
16 November 2023 | 1 VUV = 173.9 LAK |
17 November 2023 | 1 VUV = 173.3 LAK |
18 November 2023 | 1 VUV = 173.4 LAK |
19 November 2023 | 1 VUV = 173.4 LAK |
20 November 2023 | 1 VUV = 171.5 LAK |
21 November 2023 | 1 VUV = 174.7 LAK |
22 November 2023 | 1 VUV = 174.5 LAK |
23 November 2023 | 1 VUV = 172.7 LAK |
24 November 2023 | 1 VUV = 173.2 LAK |
26 November 2023 | 1 VUV = 174.7 LAK |
27 November 2023 | 1 VUV = 172.6 LAK |
28 November 2023 | 1 VUV = 175.2 LAK |
29 November 2023 | 1 VUV = 175.3 LAK |
30 November 2023 | 1 VUV = 175.6 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.