Historic Lao kip Rwandan franc

Lao kip rwandan franc history for January 2024. The highest quote for this month is 0.062301 (15/01/2024) and the lowest 0.061804 (15/01/2024). The difference between high and low is 0.8.

LAK RWF average rate for January 2024 is 0.06116, the change between 01/01/2024 and 31/01/2024 is +0.61 %.

01 January 20241 LAK = 0.0613 RWF
02 January 20241 LAK = 0.0613 RWF
03 January 20241 LAK = 0.0615 RWF
04 January 20241 LAK = 0.0610 RWF
05 January 20241 LAK = 0.0607 RWF
06 January 20241 LAK = 0.0610 RWF
07 January 20241 LAK = 0.0610 RWF
08 January 20241 LAK = 0.0613 RWF
09 January 20241 LAK = 0.0607 RWF
10 January 20241 LAK = 0.0614 RWF
11 January 20241 LAK = 0.0607 RWF
12 January 20241 LAK = 0.0608 RWF
14 January 20241 LAK = 0.0611 RWF
15 January 20241 LAK = 0.0623 RWF
16 January 20241 LAK = 0.0618 RWF
17 January 20241 LAK = 0.0614 RWF
18 January 20241 LAK = 0.0610 RWF
19 January 20241 LAK = 0.0610 RWF
22 January 20241 LAK = 0.0622 RWF
23 January 20241 LAK = 0.0610 RWF
24 January 20241 LAK = 0.0609 RWF
25 January 20241 LAK = 0.0610 RWF
26 January 20241 LAK = 0.0609 RWF
28 January 20241 LAK = 0.0610 RWF
29 January 20241 LAK = 0.0613 RWF
30 January 20241 LAK = 0.0610 RWF
31 January 20241 LAK = 0.0609 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
LAK RWF September 2023
LAK RWF October 2023
LAK RWF November 2023
LAK RWF December 2023
LAK RWF January 2024
LAK RWF February 2024
LAK RWF March 2024
LAK RWF April 2024
LAK RWF May 2024
LAK RWF June 2024
LAK RWF July 2024
LAK RWF August 2024