Brazilian Real lao kip exchange rate history (BRL LAK) October 2023

Brazilian Real lao kip history for October 2023. The highest quote for this month is 4128.65 (28/10/2023) and the lowest 4148.15 (27/10/2023). The difference between high and low is -0.47.

BRL LAK average rate for October 2023 is 4054.48964, the change between 01/10/2023 and 31/10/2023 is -1.79 %.

01 October 2023	1 BRL = 4030.21 LAK
02 October 2023	1 BRL = 4005.01 LAK
03 October 2023	1 BRL = 4012.64 LAK
04 October 2023	1 BRL = 3938.99 LAK
05 October 2023	1 BRL = 3963.45 LAK
06 October 2023	1 BRL = 3911.57 LAK
07 October 2023	1 BRL = 3974.47 LAK
09 October 2023	1 BRL = 3919.73 LAK
10 October 2023	1 BRL = 3945.17 LAK
11 October 2023	1 BRL = 4048.70 LAK
12 October 2023	1 BRL = 4054.78 LAK
13 October 2023	1 BRL = 4058.74 LAK
16 October 2023	1 BRL = 4047.91 LAK
17 October 2023	1 BRL = 4094.21 LAK
18 October 2023	1 BRL = 4093.38 LAK
19 October 2023	1 BRL = 4038.49 LAK
20 October 2023	1 BRL = 4080.67 LAK
21 October 2023	1 BRL = 4108.36 LAK
22 October 2023	1 BRL = 4107.55 LAK
23 October 2023	1 BRL = 4060.96 LAK
24 October 2023	1 BRL = 4127.35 LAK
25 October 2023	1 BRL = 4137.45 LAK
26 October 2023	1 BRL = 4134.38 LAK
27 October 2023	1 BRL = 4142.18 LAK
28 October 2023	1 BRL = 4128.65 LAK
29 October 2023	1 BRL = 4129.88 LAK
30 October 2023	1 BRL = 4128.65 LAK
31 October 2023	1 BRL = 4102.18 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.

Historic Brazilian Real Lao kip