Historic Lao kip Colombian Peso

Lao kip colombian peso history for August 2023. The highest quote for this month is 0.21613 (04/08/2023) and the lowest 0.21473 (04/08/2023). The difference between high and low is 0.65.

LAK COP average rate for August 2023 is 0.21139, the change between 01/08/2023 and 31/08/2023 is -2.76 %.

01 August 20231 LAK = 0.2053 COP
02 August 20231 LAK = 0.2089 COP
03 August 20231 LAK = 0.2108 COP
04 August 20231 LAK = 0.2160 COP
07 August 20231 LAK = 0.2143 COP
08 August 20231 LAK = 0.2099 COP
09 August 20231 LAK = 0.2110 COP
10 August 20231 LAK = 0.2109 COP
11 August 20231 LAK = 0.2075 COP
12 August 20231 LAK = 0.2050 COP
14 August 20231 LAK = 0.2055 COP
15 August 20231 LAK = 0.2114 COP
16 August 20231 LAK = 0.2142 COP
17 August 20231 LAK = 0.2151 COP
18 August 20231 LAK = 0.2131 COP
19 August 20231 LAK = 0.2144 COP
20 August 20231 LAK = 0.2144 COP
21 August 20231 LAK = 0.2141 COP
22 August 20231 LAK = 0.2104 COP
23 August 20231 LAK = 0.2131 COP
24 August 20231 LAK = 0.2121 COP
25 August 20231 LAK = 0.2109 COP
28 August 20231 LAK = 0.2125 COP
29 August 20231 LAK = 0.2124 COP
30 August 20231 LAK = 0.2119 COP
31 August 20231 LAK = 0.2110 COP

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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

02/07/1997: Lao kip devalued

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

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

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.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.