Azerbaijani manat lao kip exchange rate history (AZN LAK) February 2024

Azerbaijani manat lao kip history for February 2024. The highest quote for this month is 12250.7 (16/02/2024) and the lowest 12146.3 (14/02/2024). The difference between high and low is 0.85.

AZN LAK average rate for February 2024 is 12198.49524, the change between 01/02/2024 and 29/02/2024 is +0.38 %.

01 February 2024	1 AZN = 12165.30 LAK
02 February 2024	1 AZN = 12191.80 LAK
05 February 2024	1 AZN = 12194.40 LAK
06 February 2024	1 AZN = 12120.10 LAK
07 February 2024	1 AZN = 12224.20 LAK
08 February 2024	1 AZN = 12233.00 LAK
09 February 2024	1 AZN = 12227.10 LAK
12 February 2024	1 AZN = 12108.20 LAK
13 February 2024	1 AZN = 12233.00 LAK
14 February 2024	1 AZN = 12238.90 LAK
15 February 2024	1 AZN = 12244.80 LAK
16 February 2024	1 AZN = 12250.70 LAK
19 February 2024	1 AZN = 12135.10 LAK
20 February 2024	1 AZN = 12132.30 LAK
21 February 2024	1 AZN = 12238.90 LAK
22 February 2024	1 AZN = 12244.80 LAK
23 February 2024	1 AZN = 12247.70 LAK
26 February 2024	1 AZN = 12130.90 LAK
27 February 2024	1 AZN = 12243.60 LAK
28 February 2024	1 AZN = 12244.80 LAK
29 February 2024	1 AZN = 12118.80 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