Israeli Sheqel lao kip exchange rate history (ILS LAK) December 2023

Israeli Sheqel lao kip history for December 2023. The highest quote for this month is 5710.24 (24/12/2023) and the lowest 5732.75 (26/12/2023). The difference between high and low is -0.39.

ILS LAK average rate for December 2023 is 5604.84607, the change between 01/12/2023 and 31/12/2023 is -2.91 %.

01 December 2023	1 ILS = 5496.36 LAK
02 December 2023	1 ILS = 5579.83 LAK
03 December 2023	1 ILS = 5579.83 LAK
04 December 2023	1 ILS = 5512.26 LAK
05 December 2023	1 ILS = 5554.36 LAK
06 December 2023	1 ILS = 5557.80 LAK
07 December 2023	1 ILS = 5551.85 LAK
08 December 2023	1 ILS = 5593.23 LAK
10 December 2023	1 ILS = 5593.67 LAK
11 December 2023	1 ILS = 5543.89 LAK
12 December 2023	1 ILS = 5574.75 LAK
13 December 2023	1 ILS = 5523.51 LAK
14 December 2023	1 ILS = 5588.59 LAK
15 December 2023	1 ILS = 5626.65 LAK
16 December 2023	1 ILS = 5593.86 LAK
17 December 2023	1 ILS = 5611.27 LAK
18 December 2023	1 ILS = 5581.90 LAK
19 December 2023	1 ILS = 5562.91 LAK
20 December 2023	1 ILS = 5605.60 LAK
21 December 2023	1 ILS = 5667.71 LAK
22 December 2023	1 ILS = 5680.53 LAK
23 December 2023	1 ILS = 5710.24 LAK
24 December 2023	1 ILS = 5710.40 LAK
25 December 2023	1 ILS = 5657.12 LAK
26 December 2023	1 ILS = 5669.75 LAK
27 December 2023	1 ILS = 5660.29 LAK
28 December 2023	1 ILS = 5691.11 LAK
29 December 2023	1 ILS = 5656.42 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.

29/12/2014: 1 US Dollar = 3.891 Israeli Sheqel

The Israeli Sheqel (ILS) reaches a historical low against the US Dollar in the foreign exchange market.

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.

04/05/2008: Introduction of New Banknotes

New Israeli Sheqel (ILS) banknotes with enhanced security features were issued.

01/09/1999: Introduction of Sheqel Coins

Israeli Sheqel (ILS) coins were introduced, replacing the agora as the subunit of the currency.

02/07/1997: Lao kip devalued

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

24/02/1985: Hyperinflation Crisis

Israel experiences hyperinflation, leading to the introduction of the new Israeli Sheqel (ILS).

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.

16/03/1960: Introduction of the New Sheqel

The old Israeli pound (ILP) was replaced by the new Israeli Sheqel (ILS) as the official currency.

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.

24/02/1949: Introduction of the Israel Pound

The Israeli pound (ILP) was introduced as legal tender in Israel.

24/09/1948: Israeli Declaration of Independence

The Israeli pound (ILP) was introduced as the official currency of Israel.

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 Israeli Sheqel Lao kip