Historic Israeli Sheqel Lao kip

Israeli Sheqel lao kip history for January 2024. The highest quote for this month is 5660.99 (01/01/2024) and the lowest 5657.91 (01/01/2024). The difference between high and low is 0.05.

ILS LAK average rate for January 2024 is 5549.6363, the change between 01/01/2024 and 31/01/2024 is +0.04 %.

01 January 20241 ILS = 5652.79 LAK
02 January 20241 ILS = 5657.91 LAK
03 January 20241 ILS = 5636.20 LAK
04 January 20241 ILS = 5608.08 LAK
05 January 20241 ILS = 5633.69 LAK
06 January 20241 ILS = 5609.62 LAK
07 January 20241 ILS = 5601.69 LAK
08 January 20241 ILS = 5527.89 LAK
09 January 20241 ILS = 5552.11 LAK
10 January 20241 ILS = 5461.32 LAK
11 January 20241 ILS = 5507.09 LAK
12 January 20241 ILS = 5494.07 LAK
14 January 20241 ILS = 5523.85 LAK
15 January 20241 ILS = 5463.54 LAK
16 January 20241 ILS = 5436.05 LAK
17 January 20241 ILS = 5422.46 LAK
18 January 20241 ILS = 5439.98 LAK
19 January 20241 ILS = 5491.11 LAK
22 January 20241 ILS = 5462.06 LAK
23 January 20241 ILS = 5486.14 LAK
24 January 20241 ILS = 5502.12 LAK
25 January 20241 ILS = 5584.54 LAK
26 January 20241 ILS = 5590.83 LAK
28 January 20241 ILS = 5619.79 LAK
29 January 20241 ILS = 5569.46 LAK
30 January 20241 ILS = 5655.03 LAK
31 January 20241 ILS = 5650.76 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.
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