Ugandan Shilling lao kip exchange rate history (UGX LAK) December 2023

Ugandan Shilling lao kip history for December 2023. The highest quote for this month is 5.5461 (08/12/2023) and the lowest 5.5192 (26/12/2023). The difference between high and low is 0.49.

UGX LAK average rate for December 2023 is 5.47285, the change between 01/12/2023 and 31/12/2023 is -0.98 %.

01 December 2023	1 UGX = 5.42 LAK
02 December 2023	1 UGX = 5.42 LAK
03 December 2023	1 UGX = 5.42 LAK
04 December 2023	1 UGX = 5.44 LAK
05 December 2023	1 UGX = 5.50 LAK
06 December 2023	1 UGX = 5.51 LAK
07 December 2023	1 UGX = 5.49 LAK
08 December 2023	1 UGX = 5.54 LAK
10 December 2023	1 UGX = 5.45 LAK
11 December 2023	1 UGX = 5.50 LAK
12 December 2023	1 UGX = 5.50 LAK
13 December 2023	1 UGX = 5.45 LAK
14 December 2023	1 UGX = 5.52 LAK
15 December 2023	1 UGX = 5.52 LAK
16 December 2023	1 UGX = 5.41 LAK
17 December 2023	1 UGX = 5.41 LAK
18 December 2023	1 UGX = 5.46 LAK
19 December 2023	1 UGX = 5.46 LAK
20 December 2023	1 UGX = 5.50 LAK
21 December 2023	1 UGX = 5.53 LAK
22 December 2023	1 UGX = 5.54 LAK
23 December 2023	1 UGX = 5.41 LAK
24 December 2023	1 UGX = 5.41 LAK
25 December 2023	1 UGX = 5.46 LAK
26 December 2023	1 UGX = 5.47 LAK
27 December 2023	1 UGX = 5.50 LAK
28 December 2023	1 UGX = 5.54 LAK
29 December 2023	1 UGX = 5.47 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.

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

02/07/1997: Lao kip devalued

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

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

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.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

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 Ugandan Shilling Lao kip