Lao kip cape verdean escudo exchange rate history (LAK CVE) October 2023

Lao kip cape verdean escudo history for October 2023. The highest quote for this month is 0.005185 (03/10/2023) and the lowest 0.005188 (03/10/2023). The difference between high and low is -0.06.

LAK CVE average rate for October 2023 is 0.00509, the change between 01/10/2023 and 31/10/2023 is +2.12 %.

01 October 2023	1 LAK = 0.0051 CVE
02 October 2023	1 LAK = 0.0052 CVE
03 October 2023	1 LAK = 0.0052 CVE
04 October 2023	1 LAK = 0.0052 CVE
05 October 2023	1 LAK = 0.0051 CVE
06 October 2023	1 LAK = 0.0052 CVE
07 October 2023	1 LAK = 0.0051 CVE
09 October 2023	1 LAK = 0.0052 CVE
10 October 2023	1 LAK = 0.0052 CVE
11 October 2023	1 LAK = 0.0051 CVE
12 October 2023	1 LAK = 0.0051 CVE
13 October 2023	1 LAK = 0.0051 CVE
16 October 2023	1 LAK = 0.0051 CVE
17 October 2023	1 LAK = 0.0051 CVE
18 October 2023	1 LAK = 0.0051 CVE
19 October 2023	1 LAK = 0.0051 CVE
20 October 2023	1 LAK = 0.0050 CVE
21 October 2023	1 LAK = 0.0050 CVE
22 October 2023	1 LAK = 0.0050 CVE
23 October 2023	1 LAK = 0.0051 CVE
24 October 2023	1 LAK = 0.0050 CVE
25 October 2023	1 LAK = 0.0050 CVE
26 October 2023	1 LAK = 0.0050 CVE
27 October 2023	1 LAK = 0.0050 CVE
29 October 2023	1 LAK = 0.0050 CVE
30 October 2023	1 LAK = 0.0051 CVE
31 October 2023	1 LAK = 0.0050 CVE

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.

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

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.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

01/01/1998: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

02/07/1997: Lao kip devalued

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

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.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

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.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.

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 Lao kip Cape Verdean escudo