Macanese pataca lao kip exchange rate history (MOP LAK) December 2023

Macanese pataca lao kip history for December 2023. The highest quote for this month is 2634.45 (12/12/2023) and the lowest 2611.39 (26/12/2023). The difference between high and low is 0.88.

MOP LAK average rate for December 2023 is 2598.3875, the change between 01/12/2023 and 31/12/2023 is +0.4 %.

01 December 2023	1 MOP = 2601.62 LAK
02 December 2023	1 MOP = 2570.01 LAK
03 December 2023	1 MOP = 2570.24 LAK
04 December 2023	1 MOP = 2603.47 LAK
05 December 2023	1 MOP = 2626.76 LAK
06 December 2023	1 MOP = 2627.34 LAK
07 December 2023	1 MOP = 2610.10 LAK
08 December 2023	1 MOP = 2628.37 LAK
10 December 2023	1 MOP = 2575.23 LAK
11 December 2023	1 MOP = 2606.49 LAK
12 December 2023	1 MOP = 2632.92 LAK
13 December 2023	1 MOP = 2608.99 LAK
14 December 2023	1 MOP = 2629.07 LAK
15 December 2023	1 MOP = 2624.37 LAK
16 December 2023	1 MOP = 2558.17 LAK
17 December 2023	1 MOP = 2558.17 LAK
18 December 2023	1 MOP = 2588.88 LAK
19 December 2023	1 MOP = 2596.09 LAK
20 December 2023	1 MOP = 2610.19 LAK
21 December 2023	1 MOP = 2615.35 LAK
22 December 2023	1 MOP = 2617.76 LAK
23 December 2023	1 MOP = 2553.94 LAK
24 December 2023	1 MOP = 2553.94 LAK
25 December 2023	1 MOP = 2585.00 LAK
26 December 2023	1 MOP = 2586.73 LAK
27 December 2023	1 MOP = 2604.41 LAK
28 December 2023	1 MOP = 2620.05 LAK
29 December 2023	1 MOP = 2591.19 LAK

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.

20/12/2019: Macao–Hong Kong Financial Cooperation Agreement signed

The Macau and Hong Kong authorities signed a financial cooperation agreement to strengthen monetary and financial stability, impacting the value and role of the Macanese pataca.

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.

02/07/1997: Lao kip devalued

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

08/05/1995: Currency board system implemented

Macau adopted a currency board system, establishing a fixed exchange rate between the Macanese pataca and the Hong Kong dollar.

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.

20/10/1977: Internationalization of the pataca

Macau allowed the international use and exchange of the Macanese pataca, strengthening its role as a stable and convertible currency.

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.

08/06/1967: Link with Portuguese escudo reestablished

The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.

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.

18/06/1948: Gold standard introduced

The Macanese pataca switched to the gold standard, with its value pegged to gold coins. The gold standard lasted until 1967.

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.

17/03/1906: Silver standard established

Macau adopted the silver standard for the pataca, linking its value to silver coins in circulation. This standard remained in place until 1948.

27/10/1901: Introduction of Macanese pataca

The Macanese pataca was first introduced as the official currency of Macau, replacing the Portuguese real. It was initially pegged to the Portuguese escudo.

Historic Macanese pataca Lao kip