LAK black market rate on Oct 16, 2026: 22,530 per USD
On Friday, October 16, 2026, the US dollar traded at about 22,530 LAK on Laos's parallel (black) market at the close of observations. The day opened at 22,460 LAK, reached a high of 22,666 and a low of 22,388, a trading range of 277.5 LAK (1.24%).
Across 288 observations, the average price to buy dollars was 22,549 LAK and the average price received when selling dollars was 22,834 LAK. Over the session the Lao Kip weakened against the dollar (+0.31% from open to close).
Official rate vs black market rate on Oct 16, 2026
The official exchange rate published for Laos on this date was 22,367 LAK per USD. The parallel-market close of 22,530 LAK therefore implied a premium of +0.73% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Oct 16, 2026 compares
Compared with the previous observed day (Oct 15, 2026, close 22,460 LAK), the rate moved +0.31%.
One week earlier (Oct 9, 2026) the close was 22,556 LAK, so the weekly change was -0.11%.
Thirty days earlier (Sep 16, 2026) the close was 22,306 LAK, a +1.00% 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 Oct 16, 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 Oct 16, 2026?
- The USD to LAK parallel market rate closed at approximately 22,530 LAK per US dollar on Friday, October 16, 2026, after trading between 22,388 and 22,666 LAK.
- How much did the LAK move against the dollar that day?
- From an open of 22,460 to a close of 22,530 LAK, the parallel rate moved +0.31% on Oct 16, 2026.
- What was the gap between the official and black market LAK rate on that date?
- The official rate was 22,367 LAK per USD versus a parallel close of 22,530 LAK, a premium of +0.73%.
- Was the LAK black market rate higher or lower than the day before?
- Higher: the previous observed close was 22,460 LAK on Oct 15, 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.