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Value of the US Dollar in Laos (Read 19906 times)

Admin Saovaluck

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Value of the US Dollar in Laos
23^rd May, 2010 at 11:33am

1 US dollar can only be exchanged for about 8,200 Lao kips in the late part of May, 2010.

It's falling down and down. In recent years we were used to seeing 1 US dollar for 10,000 kips.

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OMD

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Re: Value of the US Dollar in Laos
Reply #1 - 23^rd May, 2010 at 11:13pm

You are absolutely right. The currency isn't the same as it once was. The US continues to borrow money they don't have. I think when it comes down to if if a dollar falls below 50 cents or under vs a Euro, US will most likely be an instigator of world wars. This is the only way for them to wipe out their debts by being a savior to various countries. Of course that is my opinion and view seeing all the things the US has involved themselves with. Let's hope things don't come to that.

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longhang Full Member Offline Posts: 144 Gender:	Re: Value of the US Dollar in Laos Reply #2 - 31^st Jul, 2010 at 5:29am how many dollars is 8,000 kips? i mean is it like a fat stack of cash, my uncle came back with some money and he was loaded with stacks, for a second he looked like a millionair, oh wait just laos money lmao
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Admin Saovaluck

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Lao Pride and No. 1 fan
of Judy Garland from
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Vientiane, Laos
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The most beautiful pair of shoes worn by the most beautiful actress in movie history.

Re: Value of the US Dollar in Laos
Reply #3 - 31^st Jul, 2010 at 6:30am

8,000 kips is about US $1.

The following page has the exchange rates.

http://www.vientianelife.com/exchangerates.html

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BorLeumBanGerd Junior Member Offline I Love Laos! Posts: 71	Re: Value of the US Dollar in Laos Reply #4 - 30^th Dec, 2010 at 1:46pm Is that a good thing or a bad thing admin? Admin Saovaluck wrote on 23^rd May, 2010 at 11:33am: 1 US dollar can only be exchanged for about 8,200 Lao kips in the late part of May, 2010. It's falling down and down. In recent years we were used to seeing 1 US dollar for 10,000 kips.
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Admin Saovaluck

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Lao Pride and No. 1 fan
of Judy Garland from
Laos!

Posts: 4713
Vientiane, Laos
Gender: female

Age: 35
Awards: 5

The most beautiful pair of shoes worn by the most beautiful actress in movie history.

Re: Value of the US Dollar in Laos
Reply #5 - 30^th Dec, 2010 at 7:22pm

Exchange rates can be good or bad for tourists and businesses.

It doesn't have any effect on the locals.

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Lao Dreamer

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Re: Value of the US Dollar in Laos
Reply #6 - 29^th Jan, 2011 at 9:23pm

I would't say it's falling down, I would say it's great! When you get less Lao Kip for a Dollar it means Lao Kip is getting stronger and so the economy in Laos. As a Lao person I'll pray for less and less Lao Kip per a Dollar, although it's not ideal for Lao people who live abroad who's coming back to Lao for a visit or something like that...sorry!

Admin Saovaluck wrote on 23^rd May, 2010 at 11:33am:

1 US dollar can only be exchanged for about 8,200 Lao kips in the late part of May, 2010.

It's falling down and down. In recent years we were used to seeing 1 US dollar for 10,000 kips.

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