LAK black market rate on Aug 28, 2026: 22,430 per USD
On Friday, August 28, 2026, the US dollar traded at about 22,430 LAK on Laos's parallel (black) market at the close of observations. The day opened at 22,371 LAK, reached a high of 22,500 and a low of 22,370, a trading range of 130 LAK (0.58%).
Across 288 observations, the average price to buy dollars was 22,456 LAK and the average price received when selling dollars was 22,684 LAK. Over the session the Lao Kip weakened against the dollar (+0.27% from open to close).
Official rate vs black market rate on Aug 28, 2026
The official exchange rate published for Laos on this date was 22,368 LAK per USD. The parallel-market close of 22,430 LAK therefore implied a premium of +0.28% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Aug 28, 2026 compares
Compared with the previous observed day (Aug 27, 2026, close 22,360 LAK), the rate moved +0.31%.
One week earlier (Aug 21, 2026) the close was 22,251 LAK, so the weekly change was +0.80%.
Thirty days earlier (Jul 29, 2026) the close was 22,733 LAK, a -1.33% 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 28, 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 28, 2026?
- The USD to LAK parallel market rate closed at approximately 22,430 LAK per US dollar on Friday, August 28, 2026, after trading between 22,370 and 22,500 LAK.
- How much did the LAK move against the dollar that day?
- From an open of 22,371 to a close of 22,430 LAK, the parallel rate moved +0.27% on Aug 28, 2026.
- What was the gap between the official and black market LAK rate on that date?
- The official rate was 22,368 LAK per USD versus a parallel close of 22,430 LAK, a premium of +0.28%.
- Was the LAK black market rate higher or lower than the day before?
- Higher: the previous observed close was 22,360 LAK on Aug 27, 2026, a change of +0.31%.
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.