Historic Lao kip Czech koruna

Lao kip czech koruna history for February 2024. The highest quote for this month is 0.00115 (13/02/2024) and the lowest 0.001144 (14/02/2024). The difference between high and low is 0.52.

LAK CZK average rate for February 2024 is 0.00113, the change between 01/02/2024 and 29/02/2024 is -1.98 %.

01 February 20241 LAK = 0.0011 CZK
02 February 20241 LAK = 0.0011 CZK
03 February 20241 LAK = 0.0011 CZK
04 February 20241 LAK = 0.0011 CZK
05 February 20241 LAK = 0.0011 CZK
06 February 20241 LAK = 0.0011 CZK
07 February 20241 LAK = 0.0011 CZK
08 February 20241 LAK = 0.0011 CZK
09 February 20241 LAK = 0.0011 CZK
12 February 20241 LAK = 0.0011 CZK
13 February 20241 LAK = 0.0011 CZK
14 February 20241 LAK = 0.0011 CZK
15 February 20241 LAK = 0.0011 CZK
16 February 20241 LAK = 0.0011 CZK
17 February 20241 LAK = 0.0011 CZK
18 February 20241 LAK = 0.0011 CZK
19 February 20241 LAK = 0.0011 CZK
20 February 20241 LAK = 0.0011 CZK
21 February 20241 LAK = 0.0011 CZK
22 February 20241 LAK = 0.0011 CZK
23 February 20241 LAK = 0.0011 CZK
24 February 20241 LAK = 0.0011 CZK
25 February 20241 LAK = 0.0011 CZK
26 February 20241 LAK = 0.0011 CZK
27 February 20241 LAK = 0.0011 CZK
28 February 20241 LAK = 0.0011 CZK
29 February 20241 LAK = 0.0011 CZK

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.

05/04/2016: End of currency intervention

The Czech National Bank ended its currency intervention policy, allowing the koruna to float freely and be determined by market forces.

06/11/2013: Currency intervention

The Czech National Bank implemented a currency intervention policy to weaken the koruna and stimulate the country's 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.

09/10/2008: Global financial crisis impact

The koruna experienced significant depreciation during the global financial crisis, reflecting the economic challenges faced by the Czech Republic.

30/04/2007: EU membership benefits

The Czech Republic became a member of the European Union's economic and monetary union, allowing for greater stability and cooperation for the koruna.

30/04/2004: EU Accession

The Czech Republic joined the European Union, paving the way for further integration of the koruna with European monetary policies.

02/07/1997: Lao kip devalued

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

30/06/1993: Currency conversion

The Czech Republic adopted a new currency regime, shifting from a fixed exchange rate to a floating exchange rate for the koruna.

07/02/1993: Establishment of Czech koruna

The Czech koruna was introduced as the official currency of the Czech Republic following the dissolution of Czechoslovakia.

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.

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.
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