Algerian dinar lao kip exchange rate history (DZD LAK) August 2023

Algerian dinar lao kip history for August 2023. The highest quote for this month is 143.24 (12/08/2023) and the lowest 143.89 (23/08/2023). The difference between high and low is -0.45.

DZD LAK average rate for August 2023 is 141.79154, the change between 01/08/2023 and 31/08/2023 is -1.69 %.

01 August 2023	1 DZD = 140.8 LAK
02 August 2023	1 DZD = 140.5 LAK
03 August 2023	1 DZD = 141.7 LAK
04 August 2023	1 DZD = 140.7 LAK
07 August 2023	1 DZD = 141.3 LAK
08 August 2023	1 DZD = 141.8 LAK
09 August 2023	1 DZD = 141.7 LAK
10 August 2023	1 DZD = 141.9 LAK
11 August 2023	1 DZD = 142.1 LAK
12 August 2023	1 DZD = 143.2 LAK
14 August 2023	1 DZD = 142.4 LAK
15 August 2023	1 DZD = 141.1 LAK
16 August 2023	1 DZD = 141.2 LAK
17 August 2023	1 DZD = 141.5 LAK
18 August 2023	1 DZD = 141.8 LAK
19 August 2023	1 DZD = 141.5 LAK
20 August 2023	1 DZD = 141.5 LAK
21 August 2023	1 DZD = 141.5 LAK
22 August 2023	1 DZD = 142.1 LAK
23 August 2023	1 DZD = 141.9 LAK
24 August 2023	1 DZD = 141.9 LAK
25 August 2023	1 DZD = 142.1 LAK
28 August 2023	1 DZD = 142.2 LAK
29 August 2023	1 DZD = 142.4 LAK
30 August 2023	1 DZD = 142.2 LAK
31 August 2023	1 DZD = 143.2 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.

20/12/2017: Devaluation of Algerian Dinar

The Algerian dinar was devalued again, as it faced economic challenges and low oil prices.

29/06/2014: 50th Anniversary of Algerian Dinar

Algeria celebrated the 50th anniversary of the introduction of the Algerian dinar as its national currency.

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.

21/12/1999: Introduction of Euro-Dinar Exchange Rate

The euro-dinar exchange rate was introduced, replacing the French franc as the peg currency for the Algerian dinar.

02/07/1997: Lao kip devalued

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

17/09/1994: Introduction of New Dinar

A new series of banknotes was introduced in Algeria, with the intent of stabilizing the currency and reducing inflation.

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.

10/11/1973: Devaluation of Algerian Dinar

The Algerian dinar was devalued by 30%, as a result of the global oil crisis and economic challenges faced by Algeria.

07/05/1971: Algerian Dinar Pegged to French Franc

The Algerian dinar was pegged to the French franc at a rate of 1 dinar to 1.20 francs, establishing a fixed exchange rate.

01/10/1964: Introduction of Algerian Dinar

The Algerian dinar was introduced as the official currency of Algeria, replacing the French franc at a rate of 1 dinar to 100 francs.

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 Algerian dinar Lao kip