Lao kip moroccan dirham exchange rate history (LAK MAD) October 2023

Lao kip moroccan dirham history for October 2023. The highest quote for this month is 0.000509 (02/10/2023) and the lowest 0.000506 (01/10/2023). The difference between high and low is 0.59.

LAK MAD average rate for October 2023 is 0.0005, the change between 01/10/2023 and 31/10/2023 is +1.97 %.

01 October 2023	1 LAK = 0.0005 MAD
02 October 2023	1 LAK = 0.0005 MAD
03 October 2023	1 LAK = 0.0005 MAD
04 October 2023	1 LAK = 0.0005 MAD
05 October 2023	1 LAK = 0.0005 MAD
06 October 2023	1 LAK = 0.0005 MAD
07 October 2023	1 LAK = 0.0005 MAD
09 October 2023	1 LAK = 0.0005 MAD
10 October 2023	1 LAK = 0.0005 MAD
11 October 2023	1 LAK = 0.0005 MAD
12 October 2023	1 LAK = 0.0005 MAD
13 October 2023	1 LAK = 0.0005 MAD
16 October 2023	1 LAK = 0.0005 MAD
17 October 2023	1 LAK = 0.0005 MAD
18 October 2023	1 LAK = 0.0005 MAD
19 October 2023	1 LAK = 0.0005 MAD
20 October 2023	1 LAK = 0.0005 MAD
21 October 2023	1 LAK = 0.0005 MAD
22 October 2023	1 LAK = 0.0005 MAD
23 October 2023	1 LAK = 0.0005 MAD
24 October 2023	1 LAK = 0.0005 MAD
25 October 2023	1 LAK = 0.0005 MAD
26 October 2023	1 LAK = 0.0005 MAD
27 October 2023	1 LAK = 0.0005 MAD
28 October 2023	1 LAK = 0.0005 MAD
29 October 2023	1 LAK = 0.0005 MAD
30 October 2023	1 LAK = 0.0005 MAD
31 October 2023	1 LAK = 0.0005 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

02/07/1997: Lao kip devalued

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

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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 Moroccan dirham