Historic Lao kip Macanese pataca

Lao kip macanese pataca history for January 2024. The highest quote for this month is 0.000391 (06/01/2024) and the lowest 0.000391 (06/01/2024). The difference between high and low is 0.

LAK MOP average rate for January 2024 is 0.00038, the change between 01/01/2024 and 31/01/2024 is +1.81 %.

01 January 20241 LAK = 0.0004 MOP
02 January 20241 LAK = 0.0004 MOP
03 January 20241 LAK = 0.0004 MOP
04 January 20241 LAK = 0.0004 MOP
05 January 20241 LAK = 0.0004 MOP
06 January 20241 LAK = 0.0004 MOP
07 January 20241 LAK = 0.0004 MOP
08 January 20241 LAK = 0.0004 MOP
09 January 20241 LAK = 0.0004 MOP
10 January 20241 LAK = 0.0004 MOP
11 January 20241 LAK = 0.0004 MOP
12 January 20241 LAK = 0.0004 MOP
14 January 20241 LAK = 0.0004 MOP
15 January 20241 LAK = 0.0004 MOP
16 January 20241 LAK = 0.0004 MOP
17 January 20241 LAK = 0.0004 MOP
18 January 20241 LAK = 0.0004 MOP
19 January 20241 LAK = 0.0004 MOP
22 January 20241 LAK = 0.0004 MOP
23 January 20241 LAK = 0.0004 MOP
24 January 20241 LAK = 0.0004 MOP
25 January 20241 LAK = 0.0004 MOP
26 January 20241 LAK = 0.0004 MOP
28 January 20241 LAK = 0.0004 MOP
29 January 20241 LAK = 0.0004 MOP
30 January 20241 LAK = 0.0004 MOP
31 January 20241 LAK = 0.0004 MOP

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.

20/12/2019: Macao–Hong Kong Financial Cooperation Agreement signed

The Macau and Hong Kong authorities signed a financial cooperation agreement to strengthen monetary and financial stability, impacting the value and role of the Macanese pataca.

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.

08/05/1995: Currency board system implemented

Macau adopted a currency board system, establishing a fixed exchange rate between the Macanese pataca and the Hong Kong 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.

20/10/1977: Internationalization of the pataca

Macau allowed the international use and exchange of the Macanese pataca, strengthening its role as a stable and convertible currency.

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.

08/06/1967: Link with Portuguese escudo reestablished

The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.

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.

18/06/1948: Gold standard introduced

The Macanese pataca switched to the gold standard, with its value pegged to gold coins. The gold standard lasted until 1967.

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.

17/03/1906: Silver standard established

Macau adopted the silver standard for the pataca, linking its value to silver coins in circulation. This standard remained in place until 1948.

27/10/1901: Introduction of Macanese pataca

The Macanese pataca was first introduced as the official currency of Macau, replacing the Portuguese real. It was initially pegged to the Portuguese escudo.
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