Historic Brazilian Real Lao kip

Brazilian Real lao kip history for February 2024. The highest quote for this month is 4215.39 (21/02/2024) and the lowest 4221.26 (03/02/2024). The difference between high and low is -0.14.

BRL LAK average rate for February 2024 is 4181.68444, the change between 01/02/2024 and 29/02/2024 is +0.69 %.

01 February 20241 BRL = 4175.17 LAK
02 February 20241 BRL = 4215.67 LAK
03 February 20241 BRL = 4171.66 LAK
04 February 20241 BRL = 4171.66 LAK
05 February 20241 BRL = 4201.24 LAK
06 February 20241 BRL = 4161.28 LAK
07 February 20241 BRL = 4186.57 LAK
08 February 20241 BRL = 4183.69 LAK
09 February 20241 BRL = 4162.74 LAK
12 February 20241 BRL = 4154.54 LAK
13 February 20241 BRL = 4198.13 LAK
14 February 20241 BRL = 4200.32 LAK
15 February 20241 BRL = 4188.56 LAK
16 February 20241 BRL = 4187.11 LAK
17 February 20241 BRL = 4192.24 LAK
18 February 20241 BRL = 4191.22 LAK
19 February 20241 BRL = 4153.70 LAK
20 February 20241 BRL = 4160.03 LAK
21 February 20241 BRL = 4222.15 LAK
22 February 20241 BRL = 4216.90 LAK
23 February 20241 BRL = 4194.54 LAK
24 February 20241 BRL = 4171.57 LAK
25 February 20241 BRL = 4171.57 LAK
26 February 20241 BRL = 4128.65 LAK
27 February 20241 BRL = 4179.24 LAK
28 February 20241 BRL = 4219.04 LAK
29 February 20241 BRL = 4146.29 LAK

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.
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