Lao kip malawian kwacha exchange rate history (LAK MWK) December 2023

Lao kip malawian kwacha history for December 2023. The highest quote for this month is 0.082716 (29/12/2023) and the lowest 0.082701 (29/12/2023). The difference between high and low is 0.02.

LAK MWK average rate for December 2023 is 0.08132, the change between 01/12/2023 and 31/12/2023 is +1.05 %.

01 December 2023	1 LAK = 0.0821 MWK
02 December 2023	1 LAK = 0.0806 MWK
03 December 2023	1 LAK = 0.0806 MWK
04 December 2023	1 LAK = 0.0820 MWK
05 December 2023	1 LAK = 0.0807 MWK
06 December 2023	1 LAK = 0.0803 MWK
07 December 2023	1 LAK = 0.0820 MWK
08 December 2023	1 LAK = 0.0802 MWK
10 December 2023	1 LAK = 0.0805 MWK
11 December 2023	1 LAK = 0.0820 MWK
12 December 2023	1 LAK = 0.0805 MWK
13 December 2023	1 LAK = 0.0819 MWK
14 December 2023	1 LAK = 0.0807 MWK
15 December 2023	1 LAK = 0.0809 MWK
16 December 2023	1 LAK = 0.0811 MWK
17 December 2023	1 LAK = 0.0811 MWK
18 December 2023	1 LAK = 0.0826 MWK
19 December 2023	1 LAK = 0.0824 MWK
20 December 2023	1 LAK = 0.0814 MWK
21 December 2023	1 LAK = 0.0819 MWK
22 December 2023	1 LAK = 0.0809 MWK
23 December 2023	1 LAK = 0.0811 MWK
24 December 2023	1 LAK = 0.0811 MWK
25 December 2023	1 LAK = 0.0826 MWK
26 December 2023	1 LAK = 0.0825 MWK
27 December 2023	1 LAK = 0.0811 MWK
28 December 2023	1 LAK = 0.0809 MWK
29 December 2023	1 LAK = 0.0813 MWK

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.

13/05/2020: Introduction of New Thousand Kwacha Banknotes

Malawi introduced new banknotes with higher denominations to address issues of inflation and to streamline transactions in a cash-based economy.

01/05/2016: Currency Floatation

The Malawian government allowed the kwacha to float freely against other currencies, leading to a significant depreciation of the currency.

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.

07/08/2012: Introduction of New Kwacha Coins

Malawi introduced new coins to replace smaller denominations of the kwacha banknotes, facilitating transactions and reducing the cost of producing money.

10/04/2000: Introduction of New Kwacha Banknotes

Malawi introduced new banknotes with enhanced security features to combat counterfeiting and to modernize the currency.

02/07/1997: Lao kip devalued

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

14/06/1994: Malawi's First Multiparty Democratic Elections

Malawi held its first multiparty democratic elections, leading to a political and economic transition which affected the value of the kwacha.

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.

01/09/1979: First Devaluation of the Kwacha

The Malawian government devalued the kwacha by 30% in response to economic challenges and to promote exports.

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.

06/07/1971: Introduction of the Malawian Kwacha

The Malawian Kwacha (MWK) was introduced as the official currency of Malawi, replacing the Malawian pound at a rate of 2 kwacha = 1 pound.

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.

Historic Lao kip Malawian kwacha