Historic Chilean Peso Lao kip

Chilean Peso lao kip history for February 2024. The highest quote for this month is 22.14 (01/02/2024) and the lowest 22.169 (05/02/2024). The difference between high and low is -0.13.

CLP LAK average rate for February 2024 is 21.59171, the change between 01/02/2024 and 29/02/2024 is +5.31 %.

01 February 20241 CLP = 22.22 LAK
02 February 20241 CLP = 22.24 LAK
05 February 20241 CLP = 22.34 LAK
06 February 20241 CLP = 21.60 LAK
07 February 20241 CLP = 21.92 LAK
08 February 20241 CLP = 21.81 LAK
09 February 20241 CLP = 21.52 LAK
12 February 20241 CLP = 21.51 LAK
13 February 20241 CLP = 21.42 LAK
14 February 20241 CLP = 21.45 LAK
15 February 20241 CLP = 21.74 LAK
16 February 20241 CLP = 21.53 LAK
19 February 20241 CLP = 21.68 LAK
20 February 20241 CLP = 21.38 LAK
21 February 20241 CLP = 21.62 LAK
22 February 20241 CLP = 21.47 LAK
23 February 20241 CLP = 21.27 LAK
26 February 20241 CLP = 21.35 LAK
27 February 20241 CLP = 21.09 LAK
28 February 20241 CLP = 21.21 LAK
29 February 20241 CLP = 21.05 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.