Uruguayan peso lao kip exchange rate history (UYU LAK) August 2023

Uruguayan peso lao kip history for August 2023. The highest quote for this month is 522.16 (30/08/2023) and the lowest 522.31 (29/08/2023). The difference between high and low is -0.03.

UYU LAK average rate for August 2023 is 514.18846, the change between 01/08/2023 and 31/08/2023 is -2.19 %.

01 August 2023	1 UYU = 511.0 LAK
02 August 2023	1 UYU = 511.5 LAK
03 August 2023	1 UYU = 518.9 LAK
04 August 2023	1 UYU = 515.6 LAK
07 August 2023	1 UYU = 514.5 LAK
08 August 2023	1 UYU = 508.8 LAK
09 August 2023	1 UYU = 511.5 LAK
10 August 2023	1 UYU = 511.9 LAK
11 August 2023	1 UYU = 508.7 LAK
12 August 2023	1 UYU = 512.6 LAK
14 August 2023	1 UYU = 513.3 LAK
15 August 2023	1 UYU = 512.3 LAK
16 August 2023	1 UYU = 511.9 LAK
17 August 2023	1 UYU = 504.8 LAK
18 August 2023	1 UYU = 506.1 LAK
19 August 2023	1 UYU = 508.9 LAK
20 August 2023	1 UYU = 508.9 LAK
21 August 2023	1 UYU = 516.8 LAK
22 August 2023	1 UYU = 519.2 LAK
23 August 2023	1 UYU = 517.3 LAK
24 August 2023	1 UYU = 517.6 LAK
25 August 2023	1 UYU = 518.9 LAK
28 August 2023	1 UYU = 521.5 LAK
29 August 2023	1 UYU = 522.3 LAK
30 August 2023	1 UYU = 522.0 LAK
31 August 2023	1 UYU = 522.2 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.

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.

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.