Euro lao kip exchange rate history (EUR LAK) December 2023

Euro lao kip history for December 2023. The highest quote for this month is 22701.1 (28/12/2023) and the lowest 22720.2 (26/12/2023). The difference between high and low is -0.08.

EUR LAK average rate for December 2023 is 22422.936, the change between 01/12/2023 and 31/12/2023 is -1.85 %.

01 December 2023	1 EUR = 22278.20 LAK
03 December 2023	1 EUR = 22505.70 LAK
04 December 2023	1 EUR = 22309.00 LAK
05 December 2023	1 EUR = 22407.10 LAK
06 December 2023	1 EUR = 22310.50 LAK
07 December 2023	1 EUR = 22093.50 LAK
08 December 2023	1 EUR = 22318.20 LAK
10 December 2023	1 EUR = 22295.20 LAK
11 December 2023	1 EUR = 22098.10 LAK
12 December 2023	1 EUR = 22286.80 LAK
13 December 2023	1 EUR = 22141.30 LAK
14 December 2023	1 EUR = 22507.10 LAK
15 December 2023	1 EUR = 22668.80 LAK
17 December 2023	1 EUR = 22404.10 LAK
18 December 2023	1 EUR = 22281.90 LAK
19 December 2023	1 EUR = 22262.40 LAK
20 December 2023	1 EUR = 22483.70 LAK
21 December 2023	1 EUR = 22493.40 LAK
22 December 2023	1 EUR = 22650.70 LAK
24 December 2023	1 EUR = 22644.60 LAK
25 December 2023	1 EUR = 22448.20 LAK
26 December 2023	1 EUR = 22450.40 LAK
27 December 2023	1 EUR = 22665.80 LAK
28 December 2023	1 EUR = 22878.90 LAK
29 December 2023	1 EUR = 22689.80 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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

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.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

02/07/1997: Lao kip devalued

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

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

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.

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.

Historic Euro Lao kip