Lao kip chilean peso exchange rate history (LAK CLP) August 2023

Lao kip chilean peso history for August 2023. The highest quote for this month is 0.045209 (20/08/2023) and the lowest 0.045209 (20/08/2023). The difference between high and low is 0.

LAK CLP average rate for August 2023 is 0.04457, the change between 01/08/2023 and 31/08/2023 is +0.68 %.

01 August 2023	1 LAK = 0.0442 CLP
02 August 2023	1 LAK = 0.0443 CLP
03 August 2023	1 LAK = 0.0440 CLP
04 August 2023	1 LAK = 0.0447 CLP
07 August 2023	1 LAK = 0.0445 CLP
08 August 2023	1 LAK = 0.0448 CLP
09 August 2023	1 LAK = 0.0448 CLP
10 August 2023	1 LAK = 0.0448 CLP
11 August 2023	1 LAK = 0.0440 CLP
12 August 2023	1 LAK = 0.0443 CLP
14 August 2023	1 LAK = 0.0446 CLP
15 August 2023	1 LAK = 0.0450 CLP
16 August 2023	1 LAK = 0.0451 CLP
17 August 2023	1 LAK = 0.0454 CLP
18 August 2023	1 LAK = 0.0450 CLP
20 August 2023	1 LAK = 0.0452 CLP
21 August 2023	1 LAK = 0.0453 CLP
22 August 2023	1 LAK = 0.0450 CLP
23 August 2023	1 LAK = 0.0450 CLP
24 August 2023	1 LAK = 0.0450 CLP
25 August 2023	1 LAK = 0.0439 CLP
28 August 2023	1 LAK = 0.0436 CLP
29 August 2023	1 LAK = 0.0438 CLP
30 August 2023	1 LAK = 0.0441 CLP
31 August 2023	1 LAK = 0.0439 CLP

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.

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.

29/09/1977: Decimals Introduced

Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.

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.

29/09/1975: Floating Exchange Rate

Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.

02/01/1958: Introduction of Escudo as Subunit

The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.

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.

31/12/1925: Creation of the Central Bank of Chile

The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.

25/06/1895: Gold Standard Adoption

Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.

15/06/1851: First Peso Coinage

The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.

12/02/1817: Chilean Independence

Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.

Historic Lao kip Chilean Peso