Historic Kuwaiti Dinar Lao kip

Kuwaiti Dinar lao kip history for August 2023. The highest quote for this month is 63075.7 (30/08/2023) and the lowest 62984.4 (12/08/2023). The difference between high and low is 0.14.

KWD LAK average rate for August 2023 is 62535.86923, the change between 01/08/2023 and 31/08/2023 is -1.78 %.

01 August 20231 KWD = 62045.50 LAK
02 August 20231 KWD = 61885.20 LAK
03 August 20231 KWD = 62386.90 LAK
04 August 20231 KWD = 62038.00 LAK
07 August 20231 KWD = 62147.80 LAK
08 August 20231 KWD = 62493.60 LAK
09 August 20231 KWD = 62472.50 LAK
10 August 20231 KWD = 62534.60 LAK
11 August 20231 KWD = 62545.10 LAK
12 August 20231 KWD = 62984.40 LAK
14 August 20231 KWD = 62786.20 LAK
15 August 20231 KWD = 62174.50 LAK
16 August 20231 KWD = 62245.70 LAK
17 August 20231 KWD = 62375.90 LAK
18 August 20231 KWD = 62530.50 LAK
19 August 20231 KWD = 62360.20 LAK
20 August 20231 KWD = 62360.20 LAK
21 August 20231 KWD = 62528.60 LAK
22 August 20231 KWD = 62729.50 LAK
23 August 20231 KWD = 62695.00 LAK
24 August 20231 KWD = 62705.10 LAK
25 August 20231 KWD = 62808.40 LAK
28 August 20231 KWD = 62940.80 LAK
29 August 20231 KWD = 63025.50 LAK
30 August 20231 KWD = 62983.40 LAK
31 August 20231 KWD = 63149.50 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.

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

02/07/1997: Lao kip devalued

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

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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.
KWD LAK August 2023
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