LAK black market rate on Aug 23, 2026: 22,401 per USD
On Sunday, August 23, 2026, the US dollar traded at about 22,401 LAK on Laos's parallel (black) market at the close of observations. The day opened at 22,060 LAK, reached a high of 22,531 and a low of 22,060, a trading range of 471 LAK (2.14%).
Across 288 observations, the average price to buy dollars was 22,415 LAK and the average price received when selling dollars was 22,844 LAK. Over the session the Lao Kip weakened against the dollar (+1.54% from open to close).
Official rate vs black market rate on Aug 23, 2026
The official exchange rate published for Laos on this date was 22,208 LAK per USD. The parallel-market close of 22,401 LAK therefore implied a premium of +0.87% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Aug 23, 2026 compares
Compared with the previous observed day (Aug 22, 2026, close 22,060 LAK), the rate moved +1.54%.
One week earlier (Aug 16, 2026) the close was 22,186 LAK, so the weekly change was +0.97%.
Thirty days earlier (Jul 24, 2026) the close was 22,888 LAK, a -2.13% move over the month.
How this daily figure is produced
ETCurrency samples Laos's USD/LAK parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Aug 23, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Lao Kip black market rate on Aug 23, 2026?
- The USD to LAK parallel market rate closed at approximately 22,401 LAK per US dollar on Sunday, August 23, 2026, after trading between 22,060 and 22,531 LAK.
- How much did the LAK move against the dollar that day?
- From an open of 22,060 to a close of 22,401 LAK, the parallel rate moved +1.54% on Aug 23, 2026.
- What was the gap between the official and black market LAK rate on that date?
- The official rate was 22,208 LAK per USD versus a parallel close of 22,401 LAK, a premium of +0.87%.
- Was the LAK black market rate higher or lower than the day before?
- Higher: the previous observed close was 22,060 LAK on Aug 22, 2026, a change of +1.54%.
Figures are aggregated parallel-market observations for Laos in UTC and are indicative only; they are not a quote to trade. See the full USD → Lao Kip history or today's live rate.