Exchange Rate in Laos
Laos - Exchange Rate (average of period)The economy likely hit the ground running in 2019, driven by strong hydropower exports, recovering agricultural production, and investment and construction activity related to major infrastructure projects—including the flagship Laos-China rail line and several hydroelectric dams. Meanwhile, recently released data showed the current account deficit narrowed notably in Q4 2018. The improvement was partly led by a pick-up in exports, putting the external sector on a more stable footing at the outset of the year. In other news, Lao Railways recently announced the Laos-China railway, a USD 7 billion undertaking equivalent to almost half the country’s GDP, is nearly halfway to completion and is on schedule to begin operations in December 2021.
Laos - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||7,839||8,048||8,135||8,133||8,254|
5 years of economic forecasts for more than 30 economic indicators.
Laos Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Exchange Rate||8,689||0.31 %||May 13|
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