Namibian dollar lao kip exchange rate history (NAD LAK) November 2023

Namibian dollar lao kip history for November 2023. The highest quote for this month is 1137.32 (02/11/2023) and the lowest 1132.49 (02/11/2023). The difference between high and low is 0.42.

NAD LAK average rate for November 2023 is 1105.395, the change between 01/11/2023 and 30/11/2023 is -1.15 %.

01 November 2023	1 NAD = 1098.41 LAK
02 November 2023	1 NAD = 1099.42 LAK
03 November 2023	1 NAD = 1137.32 LAK
06 November 2023	1 NAD = 1097.47 LAK
07 November 2023	1 NAD = 1130.24 LAK
08 November 2023	1 NAD = 1054.05 LAK
09 November 2023	1 NAD = 1048.10 LAK
10 November 2023	1 NAD = 1109.39 LAK
12 November 2023	1 NAD = 1108.14 LAK
13 November 2023	1 NAD = 1095.30 LAK
14 November 2023	1 NAD = 1034.48 LAK
15 November 2023	1 NAD = 1136.58 LAK
16 November 2023	1 NAD = 1135.20 LAK
17 November 2023	1 NAD = 1136.89 LAK
18 November 2023	1 NAD = 1128.02 LAK
19 November 2023	1 NAD = 1126.86 LAK
20 November 2023	1 NAD = 1111.47 LAK
21 November 2023	1 NAD = 1126.09 LAK
22 November 2023	1 NAD = 1125.27 LAK
23 November 2023	1 NAD = 1113.82 LAK
24 November 2023	1 NAD = 1102.12 LAK
26 November 2023	1 NAD = 1099.30 LAK
27 November 2023	1 NAD = 1084.00 LAK
28 November 2023	1 NAD = 1095.49 LAK
29 November 2023	1 NAD = 1095.76 LAK
30 November 2023	1 NAD = 1111.08 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.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

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.

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

01/01/2002: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

02/07/1997: Lao kip devalued

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

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.

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.

01/01/1952: 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 Namibian dollar Lao kip