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

Chilean Peso lao kip history for December 2023. The highest quote for this month is 24.26 (02/12/2023) and the lowest 24.26 (02/12/2023). The difference between high and low is 0.

CLP LAK average rate for December 2023 is 23.59781, the change between 01/12/2023 and 31/12/2023 is +1.41 %.

01 December 2023	1 CLP = 23.50 LAK
02 December 2023	1 CLP = 24.26 LAK
03 December 2023	1 CLP = 24.26 LAK
04 December 2023	1 CLP = 23.94 LAK
05 December 2023	1 CLP = 23.83 LAK
06 December 2023	1 CLP = 23.53 LAK
07 December 2023	1 CLP = 23.58 LAK
08 December 2023	1 CLP = 23.71 LAK
10 December 2023	1 CLP = 23.89 LAK
11 December 2023	1 CLP = 23.87 LAK
12 December 2023	1 CLP = 23.46 LAK
13 December 2023	1 CLP = 23.38 LAK
14 December 2023	1 CLP = 23.64 LAK
15 December 2023	1 CLP = 23.84 LAK
16 December 2023	1 CLP = 23.73 LAK
17 December 2023	1 CLP = 23.73 LAK
18 December 2023	1 CLP = 23.85 LAK
19 December 2023	1 CLP = 23.32 LAK
20 December 2023	1 CLP = 23.74 LAK
21 December 2023	1 CLP = 23.62 LAK
22 December 2023	1 CLP = 23.42 LAK
24 December 2023	1 CLP = 23.15 LAK
25 December 2023	1 CLP = 23.58 LAK
26 December 2023	1 CLP = 22.83 LAK
27 December 2023	1 CLP = 23.01 LAK
28 December 2023	1 CLP = 23.31 LAK
29 December 2023	1 CLP = 23.17 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