Historic Lao kip Rwandan franc

Lao kip rwandan franc history for February 2024. The highest quote for this month is 0.061704 (27/02/2024) and the lowest 0.061211 (02/02/2024). The difference between high and low is 0.8.

LAK RWF average rate for February 2024 is 0.06082, the change between 01/02/2024 and 29/02/2024 is -0.21 %.

01 February 20241 LAK = 0.0610 RWF
02 February 20241 LAK = 0.0608 RWF
03 February 20241 LAK = 0.0609 RWF
04 February 20241 LAK = 0.0609 RWF
05 February 20241 LAK = 0.0612 RWF
06 February 20241 LAK = 0.0611 RWF
07 February 20241 LAK = 0.0608 RWF
08 February 20241 LAK = 0.0608 RWF
09 February 20241 LAK = 0.0607 RWF
12 February 20241 LAK = 0.0610 RWF
13 February 20241 LAK = 0.0608 RWF
14 February 20241 LAK = 0.0608 RWF
15 February 20241 LAK = 0.0602 RWF
16 February 20241 LAK = 0.0601 RWF
17 February 20241 LAK = 0.0608 RWF
18 February 20241 LAK = 0.0608 RWF
19 February 20241 LAK = 0.0611 RWF
20 February 20241 LAK = 0.0611 RWF
21 February 20241 LAK = 0.0602 RWF
22 February 20241 LAK = 0.0602 RWF
23 February 20241 LAK = 0.0603 RWF
24 February 20241 LAK = 0.0608 RWF
25 February 20241 LAK = 0.0608 RWF
26 February 20241 LAK = 0.0611 RWF
27 February 20241 LAK = 0.0608 RWF
28 February 20241 LAK = 0.0618 RWF
29 February 20241 LAK = 0.0612 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.
LAK RWF August 2023
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LAK RWF January 2024
LAK RWF February 2024
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