Historic Euro Lao kip

Euro lao kip history for February 2024. The highest quote for this month is 22542.7 (27/02/2024) and the lowest 22562.5 (25/02/2024). The difference between high and low is -0.09.

EUR LAK average rate for February 2024 is 22387.48696, the change between 01/02/2024 and 29/02/2024 is +0.06 %.

01 February 20241 EUR = 22337.10 LAK
02 February 20241 EUR = 22532.30 LAK
05 February 20241 EUR = 22341.00 LAK
06 February 20241 EUR = 22126.10 LAK
07 February 20241 EUR = 22348.10 LAK
08 February 20241 EUR = 22402.80 LAK
09 February 20241 EUR = 22395.10 LAK
12 February 20241 EUR = 22220.40 LAK
13 February 20241 EUR = 22395.50 LAK
14 February 20241 EUR = 22274.60 LAK
15 February 20241 EUR = 22333.60 LAK
16 February 20241 EUR = 22431.20 LAK
18 February 20241 EUR = 22454.40 LAK
19 February 20241 EUR = 22242.30 LAK
20 February 20241 EUR = 22217.60 LAK
21 February 20241 EUR = 22491.30 LAK
22 February 20241 EUR = 22517.30 LAK
23 February 20241 EUR = 22533.60 LAK
25 February 20241 EUR = 22540.60 LAK
26 February 20241 EUR = 22307.10 LAK
27 February 20241 EUR = 22578.60 LAK
28 February 20241 EUR = 22568.10 LAK
29 February 20241 EUR = 22323.50 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.
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