Currency in Lesotho
A practical currency and money guide to travel, living and doing business in Lesotho and the Lesotho loti (LSL).
What's in this Lesotho currency guide:
What currency is used in Lesotho?
The official currency of Lesotho (country code: LS) is the Lesotho loti, with symbol L and currency code LSL.
Things to know about the Lesotho loti
The Lesotho Loti (LSL) is the official currency of Lesotho, a small landlocked country located in Southern Africa. It is abbreviated as LSL and is made up of 100 lisente. The Central Bank of Lesotho issues the currency and is responsible for managing the country's monetary policy.
The Lesotho Loti is pegged to the South African Rand at a rate of 1 LSL to 1.00 ZAR. This means that the value of the Loti is tied to the value of the Rand, and the two currencies are accepted interchangeably in Lesotho and South Africa.
Travel Ideas and Money Tips for Lesotho
Expat Money & Business Guide to Lesotho
Managing your finances in Lesotho
Here we list some key points for expats and businesses to consider when managing financial dealings in Lesotho:
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Understand Lesotho loti currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the LSL exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
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Use a local Lesotho loti bank account: A local LSL bank account can make it easier for you to manage your finances and pay bills while you are in Lesotho. It may also be more convenient to use a local LSL bank account to make purchases and withdraw cash.
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Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Lesotho. This can help you avoid legal issues and ensure that you are complying with local requirements.
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Consider the tax implications: It is important to understand the tax implications of living or doing business in Lesotho. This can help you plan your finances and ensure that you are paying the correct amount of tax.
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Seek financial advice: If you are unsure of how to manage your finances in Lesotho, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
USD/LSL – Market Data
The exchange rate of Lesotho loti (LSL), or the amount of LSL that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/LSL rate plus recent trend, chart, and historic rates.
| Date | USD/LSL | Change | Period |
|---|---|---|---|
12 May 2023 | 19.17 | 0.8% ▲ | 2 Week |
25 Feb 2023 | 18.40 | 5.1% ▲ | 3 Month |
26 May 2022 | 15.76 | 22.7% ▲ | 1 Year |
27 May 2018 | 12.47 | 55% ▲ | 5 Year |
28 May 2013 | 9.7285 | 98.7% ▲ | 10 Year |
31 May 2003 | 8.0357 | 140.6% ▲ | 20 Year |
Compare Lesotho loti Exchange Rates & Fees
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Lesotho or planning a trip or maybe living there, so will need to exchange and spend Lesotho loti.
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It is important to note that the exchange rate of the Lesotho loti can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect LSL exchange rates before making any financial decisions.
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