Historic Brazilian Real Lao kip

Brazilian Real lao kip history for January 2024. The highest quote for this month is 4240.94 (14/01/2024) and the lowest 4242.77 (14/01/2024). The difference between high and low is -0.04.

BRL LAK average rate for January 2024 is 4189.92333, the change between 01/01/2024 and 31/01/2024 is +0.45 %.

01 January 20241 BRL = 4195.45 LAK
02 January 20241 BRL = 4197.61 LAK
03 January 20241 BRL = 4164.55 LAK
04 January 20241 BRL = 4167.34 LAK
05 January 20241 BRL = 4205.82 LAK
06 January 20241 BRL = 4223.99 LAK
07 January 20241 BRL = 4223.56 LAK
08 January 20241 BRL = 4180.26 LAK
09 January 20241 BRL = 4226.74 LAK
10 January 20241 BRL = 4153.64 LAK
11 January 20241 BRL = 4207.38 LAK
12 January 20241 BRL = 4225.11 LAK
14 January 20241 BRL = 4240.94 LAK
15 January 20241 BRL = 4197.54 LAK
16 January 20241 BRL = 4193.14 LAK
17 January 20241 BRL = 4148.55 LAK
18 January 20241 BRL = 4183.22 LAK
19 January 20241 BRL = 4189.93 LAK
22 January 20241 BRL = 4166.17 LAK
23 January 20241 BRL = 4136.68 LAK
24 January 20241 BRL = 4169.86 LAK
25 January 20241 BRL = 4190.57 LAK
26 January 20241 BRL = 4203.79 LAK
28 January 20241 BRL = 4209.50 LAK
29 January 20241 BRL = 4174.49 LAK
30 January 20241 BRL = 4175.59 LAK
31 January 20241 BRL = 4176.51 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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