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

Colombian Peso lao kip history for September 2023. The highest quote for this month is 5.0852 (19/09/2023) and the lowest 5.1208 (19/09/2023). The difference between high and low is -0.7.

COP LAK average rate for September 2023 is 4.9499, the change between 01/09/2023 and 30/09/2023 is -4.69 %.

01 September 2023	1 COP = 4.751 LAK
04 September 2023	1 COP = 4.812 LAK
05 September 2023	1 COP = 4.811 LAK
06 September 2023	1 COP = 4.779 LAK
07 September 2023	1 COP = 4.832 LAK
08 September 2023	1 COP = 4.880 LAK
11 September 2023	1 COP = 4.875 LAK
12 September 2023	1 COP = 4.943 LAK
13 September 2023	1 COP = 4.954 LAK
14 September 2023	1 COP = 4.983 LAK
15 September 2023	1 COP = 5.05 LAK
18 September 2023	1 COP = 5.02 LAK
19 September 2023	1 COP = 5.10 LAK
20 September 2023	1 COP = 5.07 LAK
21 September 2023	1 COP = 5.10 LAK
22 September 2023	1 COP = 5.07 LAK
23 September 2023	1 COP = 5.03 LAK
24 September 2023	1 COP = 5.01 LAK
25 September 2023	1 COP = 4.975 LAK
27 September 2023	1 COP = 4.938 LAK
28 September 2023	1 COP = 4.915 LAK
29 September 2023	1 COP = 4.974 LAK
30 September 2023	1 COP = 4.974 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