Chilean Peso lao kip exchange rate history (CLP LAK) August 2023

Chilean Peso lao kip history for August 2023. The highest quote for this month is 22.913 (28/08/2023) and the lowest 23.283 (25/08/2023). The difference between high and low is -1.61.

CLP LAK average rate for August 2023 is 22.43928, the change between 01/08/2023 and 31/08/2023 is -0.68 %.

01 August 2023	1 CLP = 22.64 LAK
02 August 2023	1 CLP = 22.59 LAK
03 August 2023	1 CLP = 22.71 LAK
04 August 2023	1 CLP = 22.39 LAK
07 August 2023	1 CLP = 22.49 LAK
08 August 2023	1 CLP = 22.34 LAK
09 August 2023	1 CLP = 22.32 LAK
10 August 2023	1 CLP = 22.30 LAK
11 August 2023	1 CLP = 22.71 LAK
12 August 2023	1 CLP = 22.55 LAK
14 August 2023	1 CLP = 22.44 LAK
15 August 2023	1 CLP = 22.22 LAK
16 August 2023	1 CLP = 22.17 LAK
17 August 2023	1 CLP = 22.04 LAK
18 August 2023	1 CLP = 22.23 LAK
20 August 2023	1 CLP = 22.12 LAK
21 August 2023	1 CLP = 22.09 LAK
22 August 2023	1 CLP = 22.21 LAK
23 August 2023	1 CLP = 22.20 LAK
24 August 2023	1 CLP = 22.21 LAK
25 August 2023	1 CLP = 22.77 LAK
28 August 2023	1 CLP = 22.95 LAK
29 August 2023	1 CLP = 22.85 LAK
30 August 2023	1 CLP = 22.65 LAK
31 August 2023	1 CLP = 22.80 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.

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.

02/07/1997: Lao kip devalued

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

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.

29/09/1977: Decimals Introduced

Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.

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.

29/09/1975: Floating Exchange Rate

Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.

02/01/1958: Introduction of Escudo as Subunit

The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.

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.

31/12/1925: Creation of the Central Bank of Chile

The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.

25/06/1895: Gold Standard Adoption

Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.

15/06/1851: First Peso Coinage

The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.

12/02/1817: Chilean Independence

Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.

Historic Chilean Peso Lao kip