Historic Lao kip Chilean Peso

Lao kip chilean peso history for October 2023. The highest quote for this month is 0.046399 (16/10/2023) and the lowest 0.04617 (17/10/2023). The difference between high and low is 0.49.

LAK CLP average rate for October 2023 is 0.04512, the change between 01/10/2023 and 31/10/2023 is -0.08 %.

01 October 20231 LAK = 0.0438 CLP
02 October 20231 LAK = 0.0441 CLP
03 October 20231 LAK = 0.0447 CLP
04 October 20231 LAK = 0.0451 CLP
05 October 20231 LAK = 0.0448 CLP
06 October 20231 LAK = 0.0452 CLP
09 October 20231 LAK = 0.0458 CLP
10 October 20231 LAK = 0.0454 CLP
11 October 20231 LAK = 0.0454 CLP
12 October 20231 LAK = 0.0452 CLP
13 October 20231 LAK = 0.0457 CLP
16 October 20231 LAK = 0.0459 CLP
17 October 20231 LAK = 0.0459 CLP
18 October 20231 LAK = 0.0454 CLP
19 October 20231 LAK = 0.0460 CLP
20 October 20231 LAK = 0.0456 CLP
22 October 20231 LAK = 0.0457 CLP
23 October 20231 LAK = 0.0462 CLP
24 October 20231 LAK = 0.0451 CLP
25 October 20231 LAK = 0.0448 CLP
26 October 20231 LAK = 0.0447 CLP
27 October 20231 LAK = 0.0450 CLP
29 October 20231 LAK = 0.0438 CLP
30 October 20231 LAK = 0.0449 CLP
31 October 20231 LAK = 0.0438 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.