Historic Singapore dollar Lao kip

Singapore dollar lao kip history for January 2024. The highest quote for this month is 15489.8 (06/01/2024) and the lowest 15489.8 (06/01/2024). The difference between high and low is 0.

SGD LAK average rate for January 2024 is 15395.27407, the change between 01/01/2024 and 31/01/2024 is -0.06 %.

01 January 20241 SGD = 15427.90 LAK
02 January 20241 SGD = 15438.90 LAK
03 January 20241 SGD = 15456.10 LAK
04 January 20241 SGD = 15432.20 LAK
05 January 20241 SGD = 15488.30 LAK
06 January 20241 SGD = 15489.80 LAK
07 January 20241 SGD = 15489.80 LAK
08 January 20241 SGD = 15281.70 LAK
09 January 20241 SGD = 15489.30 LAK
10 January 20241 SGD = 15308.00 LAK
11 January 20241 SGD = 15464.40 LAK
12 January 20241 SGD = 15475.70 LAK
14 January 20241 SGD = 15465.60 LAK
15 January 20241 SGD = 15294.00 LAK
16 January 20241 SGD = 15283.90 LAK
17 January 20241 SGD = 15219.60 LAK
18 January 20241 SGD = 15352.80 LAK
19 January 20241 SGD = 15360.30 LAK
22 January 20241 SGD = 15244.40 LAK
23 January 20241 SGD = 15373.40 LAK
24 January 20241 SGD = 15400.70 LAK
25 January 20241 SGD = 15429.20 LAK
26 January 20241 SGD = 15418.30 LAK
28 January 20241 SGD = 15436.70 LAK
29 January 20241 SGD = 15284.60 LAK
30 January 20241 SGD = 15429.60 LAK
31 January 20241 SGD = 15437.20 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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

02/07/1997: Lao kip devalued

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

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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.
SGD LAK August 2023
SGD LAK September 2023
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SGD LAK December 2023
SGD LAK January 2024
SGD LAK February 2024
SGD LAK March 2024
SGD LAK April 2024
SGD LAK May 2024
SGD LAK June 2024
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SGD LAK August 2024