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

Lao kip rwandan franc history for October 2023. The highest quote for this month is 0.060242 (09/10/2023) and the lowest 0.059672 (10/10/2023). The difference between high and low is 0.95.

LAK RWF average rate for October 2023 is 0.05904, the change between 01/10/2023 and 31/10/2023 is +0.88 %.

01 October 2023	1 LAK = 0.0593 RWF
02 October 2023	1 LAK = 0.0599 RWF
03 October 2023	1 LAK = 0.0593 RWF
04 October 2023	1 LAK = 0.0592 RWF
05 October 2023	1 LAK = 0.0591 RWF
06 October 2023	1 LAK = 0.0592 RWF
07 October 2023	1 LAK = 0.0591 RWF
09 October 2023	1 LAK = 0.0594 RWF
10 October 2023	1 LAK = 0.0602 RWF
11 October 2023	1 LAK = 0.0592 RWF
12 October 2023	1 LAK = 0.0589 RWF
13 October 2023	1 LAK = 0.0591 RWF
16 October 2023	1 LAK = 0.0590 RWF
17 October 2023	1 LAK = 0.0587 RWF
18 October 2023	1 LAK = 0.0587 RWF
19 October 2023	1 LAK = 0.0591 RWF
20 October 2023	1 LAK = 0.0587 RWF
21 October 2023	1 LAK = 0.0587 RWF
22 October 2023	1 LAK = 0.0587 RWF
23 October 2023	1 LAK = 0.0590 RWF
24 October 2023	1 LAK = 0.0586 RWF
25 October 2023	1 LAK = 0.0588 RWF
26 October 2023	1 LAK = 0.0588 RWF
27 October 2023	1 LAK = 0.0588 RWF
29 October 2023	1 LAK = 0.0588 RWF
30 October 2023	1 LAK = 0.0591 RWF
31 October 2023	1 LAK = 0.0588 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