Colombian Peso lao kip exchange rate history (COP LAK) August 2023

Colombian Peso lao kip history for August 2023. The highest quote for this month is 4.8771 (12/08/2023) and the lowest 4.9306 (02/08/2023). The difference between high and low is -1.1.

COP LAK average rate for August 2023 is 4.73159, the change between 01/08/2023 and 31/08/2023 is +2.69 %.

01 August 2023	1 COP = 4.871 LAK
02 August 2023	1 COP = 4.787 LAK
03 August 2023	1 COP = 4.744 LAK
04 August 2023	1 COP = 4.629 LAK
07 August 2023	1 COP = 4.667 LAK
08 August 2023	1 COP = 4.764 LAK
09 August 2023	1 COP = 4.739 LAK
10 August 2023	1 COP = 4.741 LAK
11 August 2023	1 COP = 4.818 LAK
12 August 2023	1 COP = 4.877 LAK
14 August 2023	1 COP = 4.866 LAK
15 August 2023	1 COP = 4.730 LAK
16 August 2023	1 COP = 4.670 LAK
17 August 2023	1 COP = 4.650 LAK
18 August 2023	1 COP = 4.692 LAK
19 August 2023	1 COP = 4.664 LAK
20 August 2023	1 COP = 4.664 LAK
21 August 2023	1 COP = 4.670 LAK
22 August 2023	1 COP = 4.752 LAK
23 August 2023	1 COP = 4.693 LAK
24 August 2023	1 COP = 4.715 LAK
25 August 2023	1 COP = 4.742 LAK
28 August 2023	1 COP = 4.707 LAK
29 August 2023	1 COP = 4.709 LAK
30 August 2023	1 COP = 4.720 LAK
31 August 2023	1 COP = 4.740 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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

02/07/1997: Lao kip devalued

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

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high 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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

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.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Colombian Peso Lao kip