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

Colombian Peso lao kip history for December 2023. The highest quote for this month is 5.3499 (28/12/2023) and the lowest 5.3281 (26/12/2023). The difference between high and low is 0.41.

COP LAK average rate for December 2023 is 5.20551, the change between 01/12/2023 and 31/12/2023 is -3.71 %.

01 December 2023	1 COP = 5.09 LAK
02 December 2023	1 COP = 5.22 LAK
03 December 2023	1 COP = 5.22 LAK
04 December 2023	1 COP = 5.16 LAK
05 December 2023	1 COP = 5.14 LAK
06 December 2023	1 COP = 5.15 LAK
07 December 2023	1 COP = 5.13 LAK
08 December 2023	1 COP = 5.17 LAK
10 December 2023	1 COP = 5.20 LAK
11 December 2023	1 COP = 5.20 LAK
12 December 2023	1 COP = 5.22 LAK
13 December 2023	1 COP = 5.14 LAK
14 December 2023	1 COP = 5.21 LAK
15 December 2023	1 COP = 5.20 LAK
16 December 2023	1 COP = 5.21 LAK
17 December 2023	1 COP = 5.21 LAK
18 December 2023	1 COP = 5.18 LAK
19 December 2023	1 COP = 5.18 LAK
20 December 2023	1 COP = 5.20 LAK
21 December 2023	1 COP = 5.22 LAK
22 December 2023	1 COP = 5.22 LAK
23 December 2023	1 COP = 5.26 LAK
24 December 2023	1 COP = 5.26 LAK
25 December 2023	1 COP = 5.21 LAK
26 December 2023	1 COP = 5.16 LAK
27 December 2023	1 COP = 5.32 LAK
28 December 2023	1 COP = 5.37 LAK
29 December 2023	1 COP = 5.28 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