Lao kip indonesian rupiah exchange rate history (LAK IDR) December 2023

Lao kip indonesian rupiah history for December 2023. The highest quote for this month is 0.76449 (13/12/2023) and the lowest 0.76029 (20/12/2023). The difference between high and low is 0.55.

LAK IDR average rate for December 2023 is 0.7524, the change between 01/12/2023 and 31/12/2023 is +1.02 %.

01 December 2023	1 LAK = 0.7602 IDR
02 December 2023	1 LAK = 0.7484 IDR
03 December 2023	1 LAK = 0.7483 IDR
04 December 2023	1 LAK = 0.7534 IDR
05 December 2023	1 LAK = 0.7507 IDR
06 December 2023	1 LAK = 0.7478 IDR
07 December 2023	1 LAK = 0.7544 IDR
08 December 2023	1 LAK = 0.7495 IDR
10 December 2023	1 LAK = 0.7482 IDR
11 December 2023	1 LAK = 0.7581 IDR
12 December 2023	1 LAK = 0.7559 IDR
13 December 2023	1 LAK = 0.7593 IDR
14 December 2023	1 LAK = 0.7388 IDR
15 December 2023	1 LAK = 0.7502 IDR
16 December 2023	1 LAK = 0.7534 IDR
17 December 2023	1 LAK = 0.7534 IDR
18 December 2023	1 LAK = 0.7473 IDR
19 December 2023	1 LAK = 0.7583 IDR
20 December 2023	1 LAK = 0.7548 IDR
21 December 2023	1 LAK = 0.7551 IDR
22 December 2023	1 LAK = 0.7502 IDR
23 December 2023	1 LAK = 0.7532 IDR
24 December 2023	1 LAK = 0.7531 IDR
25 December 2023	1 LAK = 0.7569 IDR
26 December 2023	1 LAK = 0.7589 IDR
27 December 2023	1 LAK = 0.7503 IDR
28 December 2023	1 LAK = 0.7464 IDR
29 December 2023	1 LAK = 0.7524 IDR

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.

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize 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.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

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.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.

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 Indonesian Rupiah