Exchange Rate in Laos
Laos - Exchange RateThe economy has likely expanded at an elevated pace so far this year, bolstered by the construction sector—in particular the flagship Laos-China railway—and investment in the power sector. Moreover, tourism should have provided support as reflected by local reports that Chinese visitor arrivals surged in Q1, while goods exports rose strongly year-on-year in the same period. This comes after momentum ebbed last year on flooding hurting the agricultural sector, and a weak mining sector. In other news, it was recently announced that Laos had sealed a deal with Thailand, reportedly worth around USD 110 million, to upgrade road and rail links between the two countries. If carried out, the agreement should boost Thai visitor arrivals.
Laos - Exchange Rate Data
|Exchange Rate (vs USD)||7,938||8,035||8,122||8,161||8,196|
5 years of economic forecasts for more than 30 economic indicators.
Laos Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||8,734||0.31 %||Jul 11|
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