Azerbaijani manat lao kip exchange rate history (AZN LAK) December 2023

Azerbaijani manat lao kip history for December 2023. The highest quote for this month is 12180.1 (12/12/2023) and the lowest 12109.4 (26/12/2023). The difference between high and low is 0.58.

AZN LAK average rate for December 2023 is 12084.77143, the change between 01/12/2023 and 31/12/2023 is -0.23 %.

01 December 2023	1 AZN = 12035.10 LAK
04 December 2023	1 AZN = 12056.00 LAK
05 December 2023	1 AZN = 12165.30 LAK
06 December 2023	1 AZN = 12162.40 LAK
07 December 2023	1 AZN = 12074.30 LAK
08 December 2023	1 AZN = 12168.30 LAK
11 December 2023	1 AZN = 12077.80 LAK
12 December 2023	1 AZN = 12180.10 LAK
13 December 2023	1 AZN = 12064.50 LAK
14 December 2023	1 AZN = 12165.30 LAK
15 December 2023	1 AZN = 12133.00 LAK
18 December 2023	1 AZN = 12033.50 LAK
19 December 2023	1 AZN = 11991.60 LAK
20 December 2023	1 AZN = 12047.70 LAK
21 December 2023	1 AZN = 12091.80 LAK
22 December 2023	1 AZN = 12109.40 LAK
25 December 2023	1 AZN = 11979.00 LAK
26 December 2023	1 AZN = 11987.00 LAK
27 December 2023	1 AZN = 12077.10 LAK
28 December 2023	1 AZN = 12118.60 LAK
29 December 2023	1 AZN = 12062.40 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.

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

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.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

02/07/1997: Lao kip devalued

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

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

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.

Historic Azerbaijani manat Lao kip