Australian dollar lao kip exchange rate history (AUD LAK) October 2023

Australian dollar lao kip history for October 2023. The highest quote for this month is 13120 (28/10/2023) and the lowest 13120 (28/10/2023). The difference between high and low is 0.

AUD LAK average rate for October 2023 is 13021.99643, the change between 01/10/2023 and 31/10/2023 is -1.06 %.

01 October 2023	1 AUD = 13049.40 LAK
02 October 2023	1 AUD = 13000.90 LAK
03 October 2023	1 AUD = 12922.60 LAK
04 October 2023	1 AUD = 12838.60 LAK
05 October 2023	1 AUD = 12930.40 LAK
06 October 2023	1 AUD = 12871.60 LAK
07 October 2023	1 AUD = 13062.80 LAK
09 October 2023	1 AUD = 12852.20 LAK
10 October 2023	1 AUD = 13008.30 LAK
11 October 2023	1 AUD = 13156.50 LAK
12 October 2023	1 AUD = 13141.10 LAK
13 October 2023	1 AUD = 12936.80 LAK
16 October 2023	1 AUD = 12900.40 LAK
17 October 2023	1 AUD = 13071.70 LAK
18 October 2023	1 AUD = 13119.90 LAK
19 October 2023	1 AUD = 12930.10 LAK
20 October 2023	1 AUD = 13071.60 LAK
21 October 2023	1 AUD = 13057.50 LAK
22 October 2023	1 AUD = 13060.00 LAK
23 October 2023	1 AUD = 12913.80 LAK
24 October 2023	1 AUD = 13109.10 LAK
25 October 2023	1 AUD = 13135.50 LAK
26 October 2023	1 AUD = 13003.30 LAK
27 October 2023	1 AUD = 13083.80 LAK
28 October 2023	1 AUD = 13120.00 LAK
29 October 2023	1 AUD = 13120.00 LAK
30 October 2023	1 AUD = 12960.00 LAK
31 October 2023	1 AUD = 13188.00 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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

02/07/1997: Lao kip devalued

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

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

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 Australian dollar Lao kip