Lao kip rwandan franc exchange rate history (LAK RWF) December 2023

Lao kip rwandan franc history for December 2023. The highest quote for this month is 0.06132 (22/12/2023) and the lowest 0.061318 (29/12/2023). The difference between high and low is 0.

LAK RWF average rate for December 2023 is 0.06036, the change between 01/12/2023 and 31/12/2023 is -1.58 %.

01 December 2023	1 LAK = 0.0600 RWF
02 December 2023	1 LAK = 0.0597 RWF
03 December 2023	1 LAK = 0.0597 RWF
04 December 2023	1 LAK = 0.0600 RWF
05 December 2023	1 LAK = 0.0595 RWF
06 December 2023	1 LAK = 0.0599 RWF
07 December 2023	1 LAK = 0.0601 RWF
08 December 2023	1 LAK = 0.0598 RWF
10 December 2023	1 LAK = 0.0599 RWF
11 December 2023	1 LAK = 0.0607 RWF
12 December 2023	1 LAK = 0.0599 RWF
13 December 2023	1 LAK = 0.0602 RWF
14 December 2023	1 LAK = 0.0601 RWF
15 December 2023	1 LAK = 0.0602 RWF
16 December 2023	1 LAK = 0.0605 RWF
17 December 2023	1 LAK = 0.0605 RWF
18 December 2023	1 LAK = 0.0608 RWF
19 December 2023	1 LAK = 0.0608 RWF
20 December 2023	1 LAK = 0.0608 RWF
21 December 2023	1 LAK = 0.0604 RWF
22 December 2023	1 LAK = 0.0606 RWF
23 December 2023	1 LAK = 0.0607 RWF
24 December 2023	1 LAK = 0.0608 RWF
25 December 2023	1 LAK = 0.0611 RWF
26 December 2023	1 LAK = 0.0611 RWF
27 December 2023	1 LAK = 0.0607 RWF
28 December 2023	1 LAK = 0.0605 RWF
29 December 2023	1 LAK = 0.0610 RWF

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.

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

02/07/1997: Lao kip devalued

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

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

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 Rwandan franc